LAZAURUS RISE UP!!!!!Hello Everyone:
If Jesus was able to rise Lazaurus from the dead, then management is able to rise LFD to new heights.
We are now pass the all time low of 9.5 cents, so 10.5 cents is good, it is a start.
Les rehearse a bit so that smart investors have a chance to Load up before the release of the news I would hope to hear within the next few weeks. This is my speculation on what the news will contain.....
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Longford Energy Inc. is pleased to report that General Energy will acquire 12.5% of the companies interest in the Chia project for a sum of $ 10 million which will enable the first hole to be spud on or about October 15, 2011. Longford will retain a 27.5% interest in the overall project which flowed 5,000 bpd 41 API oil in potential 1 billion barrel capacity. All parties in the PSC contract have approved the transaction. The kurdish government has confirmed that the capacity payments will be recoverable only when Longford Energy becomes an oil producer, which we expect to occur in the 1st quarter of 2012. The PSC contract has been amended to reflect a reduction in the overall royalty payment to 25% due to difficulty in drilling holes in Kurds territory. Recently, insiders have purchased a large number of shares on the open market. All merger talks with Vast have been shelved. We also reiterate that we will remain independent company and have recently refuted a friendly buyout offer from both Soros and BP, as severely undervaluing the company.
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This is just my honest opinion of what I see in the crystal ball going foward and the type of press release investors would love to hear.
PRICE TARGET: DOUBLE DIGITS REMAINS INTACT
Smart investors are buying in lots of 100,000 shares.
JMHO