LFD HAS $ 80 BILLION ASSET!!!!Hello Everyone:
My o my, the hostile response to Genel news which I posted earlier. It really hit a nerve.
Genel news confirms that Chia property will be drilled, that they are targeting 750 million barrels of oil, that the production cost is a measily $ 3 to $ 4 per barrel plus $ 3 per barrel for transportation. That means the PSC consortium will generate at a sale price of $ 80 per barrel, a net profit of $ 73 per barrel of oil.
That means that LFD is sitting on an $ 80 billion asset which will return profits of $ 73 billion to the consortium.
No wonder SOROS bought this penny stock. No wonder why Ahmed and insiders loaded up.
No wonder why bashers are so desperate to want you to sell.
Even at 5,000 barrels per day of oil at a net profit of $ 73 per barrel at 365 days gives $ 133 million net profit to the consortium. That is just 1 year and 5,000 barrels per day.
Imagine fully producing 750 million barrels as stated by Genel?
We are trading at $ 15 million value now? Pretty ridiculous when value should be DOUBLE DIGITS.
Wait until people wake up, it will soar.
Meanwhile let the suckers sell, let the blind continue their bashing, let the ignorant continue their sermon, in the end, LONGS will be the ones counting the millions in the bank.
JMHO