UNRISKED 132 MILLION BARRELS OF OILI guess the paid bashers are beginning to panic as they are disputing what the company has announced in a press release in March 2010 when they hired an independent research firm. Consult their website and see press release yourself.
COMPANY CLAIMS UNRISKED WHICH TO ME MEANS 0% RISK BY THIRD PARTY OF 132 MILLION BARRELS OF OIL.
Simple math does not lie:
132 million barrels of oil * $ 91 per barrel * 40% $ 5 billion
Less: 40% royalty 2 billion
Asset Value: $ 3 billion
Divide by 150 million shares o/s $ 20 per share (book value)
With January 18th, 2011 conference expect world to find out about LFD. Stock trading at 38 cents is a real steal compared to its book value of $ 20 per share.
My target in 2011 based on an oil producing company based on 5,000 barrels of oil per day is $ 4 per share.
Notice how good40 did not respond to my question as to how many shares he owns. The reason is that he owns none, is a paid basher and, his client is getting pissed at him since price is starting to rally before they LOAD UP....
Soon I will be up 100% based on good40 bashing. Keep up the good work.
JMHO