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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Comment by good40on Dec 21, 2010 11:33pm
182 Views
Post# 17880310

RE: RE: Share doubling coming

RE: RE: Share doubling comingWhat could you possibly mean by  " even if my lies are true " ?  Doesn't show a lot of commitment on your part.
They're not lies... they are true.

I've got no idea of what you're talking about.  Page 12 does not show an oil column,  doesn't show an OWC.  There is absolutely no reason for excitement leading up to spud.  No data will be released for months.  It seems I have to go over this time and time again.  Look back at VST.

There might be an estimated 63% geological risk , but that is not commercial prospect.  For that you have to assign a risk of finding commercial quantity and multiply by the risk of development.  A 63% chance that there might be hydrocarbon shows,  which is expected.  A 20% chance that it is oil,  and oil which is significant enough to suggest development.  A 75% chance that it gets developed,  which includes politics.  (.63) x (.2) x (.75) equals less than
a 10% chance for commercial success.  Consistent with historic numbers.

This is already up about 40% and trades as if they've already discovered a huge OOIP figure.  No one needs to chase this,  there is roughly a year before any data will be released.
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