TESTING RESULTS VST (NEXT WEEK)Hello Everyone,
I called Longford Energy and its sister company Vaxt and spoke to the company. This is what was divulged to me:
a) VST is to issue a press release either late this week or at the latest next week.
The press release concerns the testing results, the flow rates. Person told me that they were trying their best to get the news out this week.
To me this looks bullish, since nobody wants to push bad news out quickly.
b) LFD drilling is on target for Q3-2011, with 30 to 60 days. In August there is holy holiday for the whole month which may affect employees so drill date might be pushed to September 2011.
There will be no further delays.
CONCLUSION:
It appears to me that VST will annouce bullish news. This will ignite sector rally especially with LFD. Momemtum will carry LFD as excitment will officially build in to spud date and, rumours of a merger take hold. This rally will allow the company perhaps to raise funds at higher prices such as the 65 cents warrants due in September 2011 by SOROS.
It seems all to be timed perfectly.
JMHO