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

Comment by good40on Jan 20, 2011 5:08pm
193 Views
Post# 18004130

RE: 5000 barrels

RE: 5000 barrelsThe normal royalty established with the KRG is 10%.  LFD pays 40% because they did not have the cash
to buy their working interest.  Unbelievable considering the amount of money being invested in day to day trades.
Wouldn't you think that one of these investors could have come up with the cash rather than have them
subject to that kind of liability ?  With a royalty of 40% and only a 40% working interest,  the economics are tough.
<< Previous
Bullboard Posts
Next >>