STRONG VOLUME - NEW 52WK HIGH...The KURDS plays are beginning to garner alot of attention especially since IRAQ has agreed with KURDS on oil exports of 100,000 barrels per day or 5.2 million barrels per year, which is close to $ 5 billion in revenue.
Notice the strong volume on each play:
VST 1,387,396 shares
WZR 2,958,361 shares
LFD 4,360,649 shares
Longford has not only attracted more share buying but is also hitting new 52 week highs. The stock has broken out on solid volume. The stock is on a step ladder rally.
I was verifying the recent corporate presentation and understood at page 27 that Longford has 39 Kilometers of oil in the ground. This is insane level of oil resources.
It looks like the Seismic report due out per company in February 2011, will be a blockbuster amount.
Drilling in early April 2011, with PRODUCTION IN Q4-2011 on such a huge oil reserve means we are going to be in the $$$$ figures soon.
The present rally should bring us to the new TARGET PRICE of 80 cents per share.
We might then stay a little at the 80 cent level before we break out with sudden force to the $$$ range. A spike to the $ 2 range is within target once we break over $ 1 per share.
I expect Vast will anounce within a week or two, with news headlines of a NEW OIL DISCOVERY.
Isn't it nice to be on the same side as SOROS.
Be smart, HOLD your shares, you will reap tremendous rewards as we SOAR to new heights.
EOIM made a serious error in selilng his position, I hope he reconsiders and re-acquires his 3.3 million share position. Guys, lets be nice to him and not rally the stock too hard before he gets back in.
Interesting that Good40 went to Vast...guess it confirms an OIL HIT.
JMHO