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

Post by EOIMon Feb 05, 2011 12:57pm
174 Views
Post# 18081467

Kurds Profit Sharing Contract - BANG!

Kurds Profit Sharing Contract - BANG!

All the majors that signed service contracts in southern Iraq will not be scrambling for a piece of the action in KRG. The implication of this development is great: Here are few:

- companies can now book reserves in the ground as their own based on their percentage stake

- companies can now export oil and collect full value for their own stake
- Most powerful majors like exxon, shell, sinopec, many many more would be sniffing around for reserve replacement.

- thisis the only PSC in Middle east! So it is a bang!!

I can comfortably say that LFD can hit $10 if we hit this light oil as prognosed!

Good day to be shareholder in KRG oil play. Dawn of new beginning. When you add the seismic report coming, I feel that we can hit $1 soon to force the exercise of the $65 million warrants CASH that would solve all our problems in KRG - drill up to 4 holes and build the early production facility.

<< Previous
Bullboard Posts
Next >>