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Bullboard - Stock Discussion Forum Longford Energy Inc V.LFD

TSXV:LFD - Post Discussion

Longford Energy Inc > COMPARATIVE....
View:
Post by taxdemicco on Oct 17, 2011 4:43pm

COMPARATIVE....

Hello Everyone:

The only evidence which counts is the PURCHASE made by Vallares for the Genel/Petroil 40% share that is held in Chia property.   They valued all 7 Genel PSC at $ 4.2 billion which means about $ 628 million per PSC.

This is solid evidence and the only one which counts for LFD when they are shopping around their interest.  

The fact that WZR or some other entity obtained a lesser amount is a non issue to LFD where it has solid evidence as to what its share of the property is worth.

If my next door neigbour sold his home for $ 628,000, which is on my land, and I own a similar home on my land, I would expect to sell it too for $ 628,000.

The fact that 10,000 km away, WZR sold his home for $ 225,000 is of no concern for me.   Perhaps his home is on land that is difficult to work with and, mine is not.   Perhaps their costs of drilling and producing are 10x higher than my fertile land, easy to drill and easy to produce.   Perhaps I am closer to roads to deliver where-as my neighbour might need planes and helicopters.   Perhaps my land is all oil and there`s is a mix of gas, oil and dirt.

WE HAVE SOLID NUMBERS OF WHAT LFD LAND IS WORTH.

This jerk Cinco pertands that he is long yet spends all of his energy to bash all in the name of his love for his neigbour.

Stay focused, you have now seen, that VALLARES is in, Sinopec is hunting around, Saudis are jumping in, it will be much easier for LFD to do a deal since demand and panic are building in.

JMHO

Comment by cincoagain on Oct 17, 2011 4:50pm
haha. thats pure nonsense. you're a funny guy. put down that crack pipe.