Need $ to Drill LFD management has been idle and burning up cash from PP's without doing any meaningful exploration work.
They need to figure out a way to get the capital to drill. Maybe their senior management team will lend the company some cash in exchange for some stock and get bloody serious about drilling a well. The clock is ticking and soon they may lose their interest if they don't take some quick action.
Their website is not very professional and really leaves one wondering if LFD is serious about keeping shareholders in the loop on what it is doing to try to unlock the potential from its holdings.
A lot of PO'd shareholders out there watching this thing idle to nowhere.