LFD Oil Production $ 175,000,000Hello Everyone,
It is over for VST as the drill reveal non-economical oil grades and quantities.
You can still recover if you make the switch to LFD, which is going to drill within 30 days in historical proven turf holding 5,000 bpd of oil.
This is not a guess. In 1936 hole was drilled, oil was found and well was capped. At that time Iraq had enough oil on other land.
Now, LFD will drill in same hole where there was 5,000 bpd of oil. There is nothing magic in it, no risk.
Canaccord has a $ 2 per share target price on LFD.
LFD stated that it will become an OIL PRODUCER IN 2011, pretty bold statements, which they would only make since they have assurances and engineering report which confirms oil.
LFD and its consortium will be producing huge cash flows in its first drill:
5,000 bpd * 365 days * $ 90 per barrel equals $ 175,000,000 in revenue.
These funds are enough to drill many other holes on LFD which contains the motherload. WZR recently found impressive oil 42 API at 6,000 bpd on same trendline as LFD, a few kilometers away.
You have time to recover, switch horses from VST to LFD and, ride it back up.
This will beat waiting around for VST while it caters away, day by day.
Be smart, don`t let your ego get in the away, you made an honest mistake, admit it, sell VST and then think of recovering in LFD, have hope....it is still possible, but don`t wait too long as LFD will take off, everyone is thinking the same way....
JMHO