Post by
tankumo on Jun 16, 2010 9:49pm
LFD & VST
I am new and I have a stupid question, what's the relationship between LFD and VST?
VST is at more advance stage judging by its June 14 new release?
Thanks.
Comment by
drdjm on Jun 17, 2010 6:39pm
Tankumo, the companies have the same office, president, vp, exec board. They are owned by the same folks. VST is drilling ahead, and have been for 6 weeks? LFD will spud (start drilling) in about a year, perhaps 9-10 months. IMO The share price for LFD will go mostly sideways till then, except if Western Zagros and VST hit oil. Then the price will reflect that.
Comment by
sumeroil on Jun 17, 2010 9:39pm
what does "award seismic" mean??
Comment by
shimmy_ya on Jun 18, 2010 12:31pm
Award the contract to a company - i.e. they will soon have a contract in place to start up the seismic program. The sooner it is awarded the sooner the seismic program commences.
Comment by
ZeeZeeOil on Jun 19, 2010 10:38am
Hey Tankumo,LFD/VST has the same board of directors.There was talk of a merger some time ago but that was just hear say.LFD will spud end of this year.
Comment by
tankumo on Jun 21, 2010 1:01am
Thank you sir.I also heard that VST is one year ahead. Which one do you own?
Comment by
massEntropy on Jun 21, 2010 10:52am
Many of us own VST, WZR and LFD.
Comment by
ZeeZeeOil on Jun 21, 2010 11:07am
Your welcome..I hold both LFD/VST.Be wise to stock up on LFD now.An other great Company tocheck out is SNM ( Shamaran Petroleum Corp) Same area .Zee
Comment by
tankumo on Jun 22, 2010 12:45am
Thanks guys.Shamaran used to be different company right? They do have lots of shares outstanding.I also own Petromanas (another Soros holding) which also has lots of shares outstanding, I don't know if this one will work out though.Albania is hot, but I am new to Iraq.Thanks everyone.