Post by
taxdemicco on Feb 25, 2011 9:14am
Rally today on Markets....
Hello Everyone,
Welcome to the board meeting of February 25, 2011.
As investors we are proud of the support we have for LFD at the 38 cent level. This we believe is a bottom for our company. The drilling program is on target for Q2-2011 (June) and we anticapte no future delays. We expect to have the warrants exercised in July 2011 giving us much needed cash. There should be material news on the horizon which will most likely fuel the rally, in particular a probable spectacular oil find by sister company VST. We hired a IR to promote our stock and see significant movement towards the $ 1 per share level by June 2011.
We are excited about the future in becoming in Q4-2011 one of the first oil producers in Kurdistan. The revenue that will be generated from our operations in Q4-2011 will be significant per our estimates. We are probably targeting 5,000 barrels of oil per day, with estimates ranging up to 20,000 barrels per day. We are determined to capitalize on the soaring oil prices that as of today trades near the $ 98 per barrel.
We want to thank all shareholders of LFD for their vision and trust.
Have a good day,
JMHO