JOINT VENTURE!!!!Hello Everyone:
LFD is going to announce in December 2011 a JOINT VENTURE agreement with a MAJOR player which will carry them to exploration. Vallares, which is owned by Rothschild, whom purchased Genel PSC share in 7 locations will not want LFD to drill the property for them. Vallares is a MAJOR PLAYER, with lots of cash on hand, $ 2.2 billion. LFD has $ 0 in the bank. The Chia property requires major funds to exploration and there is no way that LFD wants to dilute its shares, it can`t even if it wanted to. Their only solution is to share some of their profits with a MAJOR, a JOINT VENTURE. With the entrance of Exxon, Vallares, Sinopec, there are lots of people knocking on LFD doors to work out a deal. LFD probably never wanted to drill the property themselves, they set it up so that a MAJOR will play big dollars to drill and they still get to benefit.
This is the PLAN OF ACTION. By the way, there were little to no shares to sell up to 15 cents.
Any volume on BUY SIDE and this thing will fly.
JMHO