Longford Energy Inc V.LFD

5000/day already discovered... Now oil exports

[maysteeler23]

For a block that already has a 5000/day discovery. Oil exports resuming is massive news. Today LFD is already a $3 stock, trading at ridiculously cheap levels

[maysteeler23]

The 1936 5000/ day discovery makes LFD a $3 stock today, but we have to remember, 5000 barrels per day in 1936 could easily be 10000 barrels today, or even 20000. And LFD indicates there is a 50% chance that the block holds over 600 mill barrels, which would make LFD a $10 stock.

[good40]

Two things that you really have to do Maysteeler... is remember that the original 4800 bopd well came with no data supplied by the company,  but thanks to some real research by a bullboard poster (HHdoc),  was discovered to have been abandoned because the oil column was too small.The other,  is that if a new discovery is made,  they are required to pay a 40% royalty off the top

[maysteeler23]

in 1936 a discovery of 5000/day was made. We know it is proven and documented by LFD and others. Genel Energy says the block is commercial, and we recently found out Saddam Hussein wanted to produce the field. What we don't know is how much 5000/day in 1936 will be today. Could be 10000 or 20000

[HHdoc]

MaysteelerWe have all seen this umpteen times before? And again for your education, we do not know how long well 7 tested at 4800 bopd? And 4800 bopd for 1 hour in 1936 with declining pressures may indicate a stabilized rate significantly lower. No one knows this, but for certain the well would only have been tested for a short time span. No one has portable surface facilities to handle a large