RE: PERSPECTIVE OF LFD....Does the book that you're reading begin each chapter with " Hello Everyone " ? The previous discovery was
abandoned because the oil column was too small for development.
If they make another discovery... they have agreed to a royalty payment of 40%... they only have a 40% working interest
and appear to have difficult economics going forward. Almost all others have a 10% royalty, LFD did not have the cash to purchase an increased interest, increased the royalty instead.