Longford Energy Inc V.LFD

Drilling Q2-2012 per Genel presentation

[taxdemicco]

Hello Everyone:

I hope you all had a good Christmas.    Thank-you to both Swisstime and EOIM for the presentations you have made of late, it is very helpful for new investors.   The Genel presentation confirms that they are going to drill Chia in Q2-2012.  One would have to say that this is a strange thing for them to write since LFD is the operator of the project and the one deciding when the property would be drilled.  It is further confirmation that deal has been sealed.    With regards to the PSC contract, the terms are pretty clear that contract will not be changed, so one party cannot simply unload PSC share without modifying the contract.   The Kurds do not want any modifications to the contract hence the only solution for Genel is an outright buy of LFD since it is its only asset.  LFD is negotiating hardball trying to get best deal for shareholders.   I do agree that buyout will be in cash since reporter did state that it would cost Genel tens of millions of pounds.   Looking for a deal to be announced shortly.  I will stick with my target of $ 1 per share or pretty close to it.

JMHO

[cookster9]

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[vmldem]

On page eleven Genel said they have the license for Chia and is reported as a non producing asset. How they have the licelce since it is reported that LFD has the PSC contract? Is genel claim foe some other asset still within Chia? Also on page 20 they said going to drill Chia first quarter 2012. Strange.

[vmldem]

So this is already Genel owned asset not LFD as some pumpers claiming on this board. Indeed is 20% PSC. I also noticed they claim Chia block NE and SE. What Chia blocks LFD is claiming?

[EOIM]

Swiss, Discount that by 50% since LFD have not fulfilled its contractual payment obligations with KRG. SO that would bring you back to around 30 to 40 cent range. The only reason why they have not received a defualt letter from KRG is because of the existing relationship between some of the top military officers like Gen Garner and the KRG. Garner is also a millitary adviser to the KRG and also a

[EOIM]

Swiss, the 50% discount comes from the fact that LFD has not yer fulfilled their contractual obligation to meet the terms of owning the 40% of Chia. They have not paid their bonus payments and is in default. So they are negotiating from a very weak position. This is why I think 20 to 40 cent is a fair offer for this asset. I bought a lot last week at 11 cents and is happy to jump out with anything

[vmldem]

Strong relationship between some of the insiders and kurdz gov. is keeping this stock alive. Same reason why Genel really need to gulp down LFD if they want the 40% PSC share. If not for these directors ties with the gov. Genel could have waited till next June and get it straight from the horse. In the real world much stuff is taking place under the table.