RE: RE: hhdoc Good40My posts are based on information provided by the company, whichunfortunately is either distorted, misrepresented of falsified by others
Driller56
Please read the above statement. I am pointing out that "others" ie the maysteelers and taxdemicos are distorting, misrepresenting and falsifying this information. Management is trying to present the results of the independent reserves report as favorably as possible.
This is no different than any public company, but lfd is perhaps a bit more aggressive in this regard? My posts are based on a critical evaluation of this information.
Taxdemico, not lfd, said that 277 million barrels at Chia Surkh are worth $5 billion dollars net to lfd interest!
LFD/Vast management says 200 million barrels at Qara Dagh is worth $230 million net to the company and a 700 million barrel discovery would be worth about $1 billion net to the company.
Clearly the value of a barrel of oil at Chia Surkh is worth a lot more than at Qara Dagh, or taxdemico is very wrong in his analysis. What do you think?
I have pointed out that the only way we will get the 277 million barrels at Chia surkh is if the field and 3 additional isolated prospects are successful. If this is the case, 277 mil barrels would be worth about $340 million or roughly $1.37/share!
That is what the numbers indicate to me. I think the investing community for the most part (except for this bullboard's resident idiots) have concluded this as well. The sp has not appreciably risen since the new reserve report was published. I am thinking that the chance of the field and all 3 prospects being successful is quite low, so people are biding their time. If investors thought projections such as those promoted by taxdemico had any credibility, this sp would have taken off.
So use your head, read my posts carefully and go for yourself to the lfd corportae presentation to check out what I have been saying.