Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Post by EOIMon Jan 08, 2011 1:50pm
202 Views
Post# 17943724

Yes, We have Reserves!!!

Yes, We have Reserves!!!

LFD management has been very conservative in classifying the discovered resources as contingent instead of reserves.

Another company, Sterling Energy PLC that trades in LONDON classified it as a RESERVE in their IPO prospectus! They claimed we have 40 to 152 million barrels of reserve in the Chia Surkh oilfield!!!! This does not include all the other 5 exploration prospects!!

For more information on this, see:

https://www.sterlingenergyuk.com/uploads/circularaug09-placingandegm%5B0%5D.pdf

- Tabe 2 on page 32 contain a summary of the chia surkh discovery and how Saddam Hussein wanted to develop the field. It also indicates the high quality oil to be 40 API. They classified it as RESERVE!!!!

<< Previous
Bullboard Posts
Next >>