100% chance to find 5000 barrels a day=$3 stockThese are not my words, but LFD's own documented NR info.
And I quote
"Jeribe discovery drilled in 1936 and reported to have tested at 4,800 barrels of oil per day. "
"The 307 kilometre 2D seismic program was designed to complement andaugment the existing historical seismic data, delineate the previouslydiscovered oil reservoir"
- There is a 50% chance that there is 662 million barrels of oil gross in place
- There is 10% chance that there is 6.5 Billion brrels of oil in place
- There is 50% chance that up to 132 million barrels gross would be recovered
- There is 10% chance that up to 1.9 billion barrels would be recovered
-D&M also stated that the probability of geological success infinding oil in this field is 63%. Anyone in the oil business wouldinform you that this is one of the highest in the business. Itbasically means that there is oil there!
-The resources above isonly from the Jeribe formation in the tertiarry. It does not includeadditional potential oil or gas resources in the deeper formation.
https://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn_newsreleases.asp%3Fsymbol%3DV.LFD%26newsid%3D7931966https://www.longfordenergyinc.com/index.asp?pid=33