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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Comment by Baxter4on Feb 06, 2011 2:14pm
203 Views
Post# 18083930

RE: RE: RE: RE: RE: Keys Facts we know Till Date

RE: RE: RE: RE: RE: Keys Facts we know Till DatePreviously LFD had 20% of the property and a 10% royalty, meaning they got 18% of the revenue stream. They now have 40% and have to pay a 40% royalty, so they now get 24% of the revenue stream.

In other words, for no extra up front payment the increased their revenue by 33%. Downside is they have to pay double all drilling and development expenses, in a field with a known shallow oil pool that will produce in commercial quantities..
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