Longford Energy Inc V.LFD

INTERESTING!!!

[taxdemicco]

Hello Everyone:

Volume of late has shown some pretty big lot buyers:   130,000 shares, 50,000 shares, 40,000 shares.    This is good to see as there is accumulation going on, mostly paying the ask price.   I found this on sedar: 

"A well, which was drilled by the predecessor of Anglo-Persian Oil Company in 1902, discovered oil at a depth of approximately 700 meters in a fractured limestone unit of the Lower Fars Formation. After World War II, a deeper well recovered 41º API oil from the Jeribe formation with indications that the hydrocarbon column may exceed 220 meters."   Is this not almost like 3 football fields of oil in the ground that had already been de-risked.

JMHO 

[FXi7]

~130 metres is a CFL Football Field but still large enough..FX

[HHdoc]

Just watched Grey cup game; 220 meters is exactly 2 football fields, not "almost 3" as suggested by taxi?The Management document posted on sedar, does not mention that psc was renegotiated which would be a major item to be announced, if in fact this happened? See previous posts by taxi claiming this royalty was cancelled.Page 3, last paragraph, confirms the 40% royalty still applicable