Longford Energy Inc V.LFD

sold about 1/2

[drdjm]

After sitting on the fence debating between my left and right sides of brain, i have sold about 1/2 of my position. I bought at an average of 25.5 cents and when it hit 45.5 I figured a nice round .20 cents per share profit was nothing to think too much about. I kept some because I still feel the share has some legs to it, hopefully.  I believe the SP will consolidate around its current price for a while, then go up towards spud date, then down slightly as more financing is needed.  Been a good run,  more than 75% increase in its value for me. I probably will kick myself, but then I have picked up more shares of my favorite stock at very good value......MMT.

Derek

[good40]

In terms of asset value,  you have no idea how expensive this is.  Then again,  market managers make the price,  they do need to finance so let's see where it falls.The price generally falls 20% or so following a financing.  There won't be any data released until mid summer,  so there is definitely no rush.  What really is difficult to understand is why

[drdjm]

Good40...............Why would the company willingly pay a 40% royalty?  If this is a "sure thing", at least in managements mind, then its understandable that the royalty commitment would be made. Why else would they pay 30% more than other Kurd plays are paying?  Did they pay a royalty premium for the block anticipating that it would be faster to bring production on stream

[good40]

The company originally had a 20% working interest,  with a 10% royalty liability.  They purchased another 20%from the KRG for the additional royalty.  They are the only ones with a royalty that high.Someone should do a little research to find out what the cost was for the original 20% interest... then youcan compare value with the new 40% royalty.  To me,  if they were as