RE: Latest on PSCHello Everyone,
Thank-you EOIM for the link. That is great news on the PSC front.
The fact that Iraq submitted to the KRG the oil law for review before passage to law in both Kurds and Iraq, to ensure that same terms are used is very bullish.
Once there is confirmation of 1st payment under PSC contract, expect LFD to soar.
LFD has the oil, it made the discovery in 1936.
Target Price of $ 102 per share based on 1.4 billion barrels of recovered oil to LFD.
The stars are all aligning themselves to the right position.
There is just too too much money on the table for them not to have an oil agreement.
JMHO