Longford Energy Inc V.LFD

Estimate Oil in place 3,1 Billion Barrels

[Rapax11]

This is Genel-enerji´s estimate for the Longford Block, Genel uses a 50% recovery factor for their Iraqi fields.

Chia Surkh Exploration Block:

• Oil in Place : 3.1 Billion Barrels

• Number of Wells : 7

• Operator : “Joint Operating Company” will be

Established

• Net profit oil to foreign contractor after Royalty,

Government back in rights and Contractor’s cost recovery : 10 %

• Aggregate Government take of profit from the project : 90 %

https://www.genel-enerji.com/info_note_eng_300509.pdf

[sumeroil]

31 billion barrels?3.1 billion barrels must be from chia surkh field, not c.s. block......the whole block could have 31 billion barrels, i imagine.lol

[maysteeler23]

The best part is that oil was already discovered on the block. This a proven field.

[Rapax11]

The big advantage with  chia surkh field is that we know there is oil and Longford just need to do a couple of  new deeper drillholes to get access to the 132 million barrels of potential ultimate recoverable oil on the field..."After World War II, a deeper well recovered 41º API oil from the Jeribe formation with indications that thehydrocarbon column may exceed

[Rapax11]

The beautiful thing with Longford is that you get two things for the prise of 1 or even less than ½ (the m-cap compered to the other players).  Buy a stake in LFD with a M-cap of $38 Mil with a huge block in Iraq, and you´ll get: * One cash-cow -  Old field with probably 132 millon barrels or more - very small risk andhydrocarbon column may exceed

[raber]

you heard of PMI.v    is that a good one .  near bnk i hear .  any info ?

[blackswan]

PMI is an excellent prospect with a very experienced management BUT nothing will happen until next year and there also might be a roll-back. So, yes, very good but they are in no hurry, better wait until next year.

[maysteeler23]

$.20 for PROVEN OIL. An opportunity of a life time.

[casey161]

If that’s your rational you probably loaded up on Bronco Energy (BCF) @ .19....Hahaha!

[maysteeler23]

Here is the reality. We know the block has oil. The oil was already discovered. We also know that LFD was $.80, just last year, just on the announcement of the block. So when the Proven oil is discovered, expect LFD to be $.80 plus. That's a 400% plus return coming.