13 Billion Barrels of Oil.....Hello Everyone,
The volume on LFD with the closing of a new high is extremely bullish, when compared to VST and WZR. Investors have taken notice and are clearly voting on LFD as can be seen by the volume of today:
VST volume 860,261 shares
WZR volume 459,853 shares
LFD volume 5,181,805 shares
If you look at the corporate presentation on the companies website, page 27, you will see that LFD has 39 square kilometers of oil.
Historic drilling confirms that one well flowed 5,000 barrels of oil per day, with the equipment they had in place at that time. In today's age, the same flow would equate to 20,000 barrels of oil per day.
In February 2011 we are getting an up to date Resource estimate, Investor relations of the firm has already stated that there would be a substantial increase in the oil in place.
At present with a 63% chance of geological success at a 10% rate, there is 6.5 billion barrels of oil. A substantial increase to me would mean at least a 100% increase so we are probably speaking of 13 billion barrels of oil.
LFD is the only company which will have OIL PRODUCTION IN Q4-2011 on this probable massive deposit of 13 billion barrels of oil.
In contrast VST has only 4.8 billion barrels of oil in place at a 10% rate, with a high risk unknown geological factor compared to a robust 63% factor in LFD.
Both SOROS and INSIDERS have standing buy ORDERS OF LFD STOCK AT 65 CENTS.
With LFD having probably triple the amount of oil compared to VST, LFD is very cheap on a valuation basis and should be trading at double or triple the price of VST at this moment. No wonder that VST wanted to be merged with LFD, however SOROS said NO NO NO.
I think most of the cheap shares have rotated position to stronger hands, I expect a strong rally to the 80 cent level.
With regards to EOIM. I like EOIM and he has provided good research on the company. However, he made a critical mistake when he sold his 3.3 million share position. I know that you presently hold 1 million shares at no cost, however you have also left substantial money on the table. You claim that at $ 5 you will have $ 5 million, but think that you could have been sitting on $ 20 million to $ 25 million. Not smart. You still have the chance to re-buy your position before this stock really, really takes off.
The technique to make SERIOUS MONEY with LFD is to LOAD UP on it. I didn't want to own 10 different stocks where 1 performs and 9 others are deadbeats. I consolidation my position into LFD. I hold a material amount of shares. I am up 110% to date towards my goal of 700% to 1000% on this stock in 2011. My target price is $ 4 per share this year. If you want wealth then do what others are doing, LOAD UP, and be patient for this year to earn SERIOUS WEALTH.
A tip: Avoid good40, he is a paid broadcaster to generate traffic on message boards. He will post here some negative nonsense, then he will go to VST and do the same and, then to WZR. He rotates and earns his weekly salary.
I think we are getting ready to go over the 50 cent level, stock has good legs.
JMHO