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 Feb 05, 2011 10:31am
123 Views
Post# 18080914

RE: 5000/day discovered on the block already

RE: 5000/day discovered on the block alreadyAccording to EOIM,  the well costs are up to $15 million.

Why don't they open up the 5000 bopd well that Maysteeler talks about,  and have it pay for
this drill ?   Who cares if it doesn't hold up,  anything is better than nothing. 

I'm sure there is someone who can explain how the 5000 bopd could pay expenses,  even though
the company only has a 40% working interest,  a 40% royalty,  a hefty operating expense and tax responsibility.
<< Previous
Bullboard Posts
Next >>