NEW OIL DISCOVERY PR THIS WEEK...Hello Everyone,
VST promised to me over the telephone that we would get a PR from them, latest this week. Company is excited about PR. I inquired if it concerned more drilling requirements in the future and, she said no. It has to do with flow rate. Any future drilling needs to be discussed by all parties.
My interpretation is that they hit a new oil discovery, something in the range of 14,000 barrels per day.
Their next step is to become an OIL PRODUCER.
The reason I believe drilling was a success is:
a) VST management excited
b) Niko insiders loading up on $ 1 million in shares of its stock
c) Chief geolgist buying 200,000 shares of LFD on open market recently
d) LFD cancelled a bought deal of $ 15 million which was money in the bank to prefer a PRIVATE DEAL INSTEAD.
I recently read a few posts by EOIM and I am disappointed by his dishonest manner in which he submits representations on this board. Previously he stated that he owns millions upon millions of shares for LFD. Now he comes on board mentionning that LFD is in default of PSC contract.
LFD has agreement in place with Kurds that the $ 25 million they agreed to for the PSC contract will be reimbursed to them once LFD commences oil production. Why does he lie to deceive people is beyond me.
Either he wants you to give him shares at a cheap price since he needs to add to his millions or, he is actually st*upid enough to have gone short just before drilling.
Either way EOIM has shown himself to be nothing but a WH8ORE for funds. He will do anything to deceive you.
Disgusted with him.
JMHO