Longford Energy Inc V.LFD

5000/day discovered on the block already

[maysteeler23]

We already know there is oil. And 5000/day discovery is commercial, especially since it could be as high as 20000. there are already plans to start producing the block.

[good40]

According to EOIM,  the well costs are up to $15 million.Why don't they open up the 5000 bopd well that Maysteeler talks about,  and have it pay for this drill ?   Who cares if it doesn't hold up,  anything is better than nothing.  I'm sure there is someone who can explain how the 5000 bopd could pay expenses,  even thoughthe company only has a 40

[Baxter4]

Who cares if it doesn't hold up,  anything is better than nothingDo you mean if the well casing doesn't hold up. I think a lot of people would care when the well started free flowing all over the desert. Try using those gray cells inside your cranium sometime.

[good40]

Anyone ?  Maysteeler ?  Why don't they produce CS7 and pay for the exploration ?  $15 million saved.

[Baxter4]

I know you are only pretending to ignore me, so you already know why they are not producing CS7. The well casing is 75 years old and is no longer considered intact. To try and produce CS7 would mean potentially leaking oil into the surface formations making one big enviromental mess.

[maysteeler23]

LFD is a $.40 stock, that is about to go to at least $3. It is the only Kurd play with a discovery, before drilling, and the only Kurd play with a billionaire. Plans have already been made for production. To ask why they are not producing is a stupid question. You could ask that question about any Kurd play. The question you need to ask is why is a billionaire involved, and how much will

[good40]

Maysteeler... if they already have a 5000 bopd well then why don't they produce it ?  It seems to me that sincethe oil column was considered too small to be commercial... they have to try another location.  Does that make sense ?The first well was non-commercial so they're looking elsewhere.In my opinion,  the oil column being too small to develop,  should have been