Longford Energy Inc V.LFD

I got answers on Well 9 from the company

[EOIM]

If you recall, well 9 is the deepest well drilled in Chia. I called the company to find out more about well 9.

The response I got are the following:

- after the excitement from C7 gushet, Well 9 was drilled deeper to evaluate the deeper zone
- testing of the jeribe formation that flowed 4800 bopd in C7 was not completed because the explorers at that time wanted to explore more deeper zones of the well (likely to see if they could hit similar gusher like in Kirkuk that flowed 95000 bopd)
-I was told that the deeper Shiranish zone was tested and they wouldn't provide the flow rate because it is not in the public domain. I asked if they would target this deeper zone and I was told NO! that their focus would be on the shallower Jeribe formation which would be less expensive to produce. My gut feeling which is consistent with the formation profile on their website is that the deeper Shiranish zone in well 9 likely tested gas and as such is not of interest and value to the company. This is why they are focusing on the shallower zone which makes sense. I guess we have reverse of what is happening with WZR. Our oil is on top & shallower while the gas is deeper which is good to me!!

- They confrimed that they are currently finalizing the drilling budget and that they are going ahead with the construction of the production processing facility for quick generation of cash flow!!

[EOIM]

The company as confirmed for me that the oil quality tested in well 7 is 41 API.41 API should make it among it the highest quality oil in the area. I think we will double sometimes on or before start of drilling in 2011.

[casey161]

API between 40-45 will get the best $$.  (For those that didn't know) Cardium oil is 40.......and it’s black gold! Nice dig EOIM!

[Kurd30]

Thank you for the great information, it is appreciated.  This is what we need, not people telling us how this will be a $100 stock and we just need to believe them without questioning the risks.  This is great information that you are providing.  Good40 questioning things is a great thing in my opinion as well, even if he has own agenda as some suggest. 

[EOIM]

In response to your question, those flow rates from the shallow zones wouldn't be economical because the flows are not form the source reservoir rock but rather from accumulations than had resulted from the oil leak from the deeper jeribe reservoir. So for me, I don't place much value to the accumulations in the shallower upper fars that resulted from the leakage. the money is in the deep

[good40]

EOIM... here's the thing. You provided only the information that was positive and neglected to say that wells 1 & 2initially produced 180 bopd... but quickly declined to 25 bopd and therefore plugged and abandoned.What was the performance of the 4800 bopd well ?  Was that the initial flush production number ?  

[maysteeler23]

5000 barrels in 1936 = 8000 to 10000 now=$3 to $7 share price

[maysteeler23]

he first well is anticipated to be drilled on the Chia Surkh Field, to atotal depth of 2,400 meters, confirming the shallow Jeribe discoverydrilled in 1936 and reported to have tested at 4,800 barrels of oil perday. The upcoming well has been designed as a future oil producer, andupon successful testing, the Company intends to promptly build earlyproduction facilities and bring the well online.

[maysteeler23]

Here's all the answer you need.  Straight from LFD NRThe upcoming well has been designed as a future oil producer, andupon successful testing, the Company intends to promptly build earlyproduction facilities and bring the well online.

[maysteeler23]

The upcoming well has been designed as a future oil producerSweet words which you will never here from a $.30 stock.  That's why LFD should at least be double what it is today

[abirdofprey]

That's a good one. Goofy complaining about selective editing in a post. Has this idiot no sense of reality? Honestly, what colour is the sky in your world, oh goofy one?!