Post by
maysteeler23 on Jan 31, 2011 6:08am
20000 barrels a day expected= $10 plus stock
looks like drilling will be really cheap. The oil is basically seeping out of the ground. Very smart. Find oil shallow, then finance the big oil. When the market finds out 20000 barrels a day are expected, the share price will go ballistic. I said LFD was a $3 stock now. I was too conservative.
Comment by
good40 on Jan 31, 2011 9:17am
In actual fact, they left a well that originally produced at 4800 bopd because the oil column was considered toosmall to develop.Considering it has been left for 75 years, I doubt Maysteeler is correct.Just the fact that Maysteeler promotes this, takes away most of the chance for success. He thrivesin his little world of pump and dumps.
Comment by
sumeroil on Jan 31, 2011 6:40pm
are you a disease of the society? ....... you intentionally omitted the fact that lfd should be over $2 to reach the market cap of mmt which is about $300 million. lfd should be now at $1.50why not there yet? because, i think, of merger thing.that's my opinion.
Comment by
drdjm on Jan 31, 2011 7:52pm
Sumeroil................Its me, ... the disease of society..........still laughing........The market cap is about 52 million dollars, I dont understand where you get the 300 million figure. I just googled 3-4 sites and none say over 52 million. What gives? Is my math or yours out of wack?Derek
Comment by
maysteeler23 on Jan 31, 2011 9:16pm
Actual 5000 barrels was discovered in 1936, and it was at a very shallow location. 80 years ago oil was something like $.20 a barrel. Now oil is almost $100 a barrel. This discovery which is proven and documented in today's market makes LFD a $3 stock, that doesn't include the 7 billion barrels the block is estimated to hold.