RE: Economics - Jlmans1Jlmans1, You simply hit the nail on the head! If GOOD40 hates this stock so much, what the heck is he doing posting rubbish and wasting his precious time. I don't ever recall myself wasting so much time on a stock that I hate or don't see potential in. GOOD40 posts the same rubbish in SNM as well. It only points one thing: He is a paid basher paid by an institution that wants to be accummulate LFD as cheap as possible.
The KRG knows that Chia Surkh is an asset with discovery, low risk and as such is was in high demand. If you want to buy real estate, you always pay more for a property in a very good prime location. The same applies to oil assets. LFD acquired a high demand prime asset with discovered oil in place, historical drilling and sesimic data and as such paid a little more than VST and WZR that are drilling in unknown wildcat territory. If GOOD40 wasn't a paid negative basher, he would see value in this.
Most of us who posts here have made MONEY and are not poor beings like GOOD40. Some of us are millionaires and are posting simply to educate those interested in the play so that they can make better investment decision. I do it because I enjoy it. For record, I own 4.1 million shares of LFD biught between 25 and 32 cents. I bought a lot ot it because I see value and tremendous upside to c reate massive wealth. Just like in any other play, there is always risk. However, in this case, the risk level seems low since we have a pretty good idea of the reservoir and the flanks within the anticline from the 9 wells drilled there. So we know where to place a hole to hit oil better than if it was an undrilled wildcat.
GOOD40, now that I have disclosed my ownership of LFD, how many do you own? If not are you short and how many have you shorted? If not, which stock would you recommend as buy?
I have increased my 3 to 4 month target from 65 cents to 75 cents. If we hit oil in July-August, we could hit $4 as one of the posters stated. if all the 250 m to 700 m Jeribe oil column flow oil with potential of 20000 bopd, we would hit $7 to $10.