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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Comment by Baxter4on Feb 04, 2011 7:36pm
152 Views
Post# 18079457

RE: RE: RE: RE: RE: seismic result must be very go

RE: RE: RE: RE: RE: seismic result must be very gothey have less than a 10% chance of discovery leading to development. 

I think you have that backwards. They already know there is oil there from the 4800bbl/d C7 well. I'd say they have a 90% chance of development, which means I'm giving a 10% chance of the discovery pool being too small to develop.

Everything else you said is pure crap except the 40% working interest and 40% royalty, you actually got that right.
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