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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Comment by oexelon Jun 02, 2011 12:19am
263 Views
Post# 18660174

RE: Annual Report notes

RE: Annual Report notesI have had the same concerns but let's not forget the warrants.  If oil is struck, this stuck will be probably $1+ so the warrants should bring in 5.5 mil.  Still that's a drop in the bucket but not something that should be forgotten.  I would hope that management has a special arrangement with KRG that will allow them to pay that $25 million with the proceeds of their oil.
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