I recommend all LFD shareholders read this post and do some due diligence on this well and the time it took WZR to build low cost production facilities and get 5000 BOPD production.
Download the WZR presentation and see page 3; showing all the pictures of the small production facilities.
WZR drilled side track in April 2011 and hit oil. WZR built small production facilities and got into production at 5000 BOPD by October 2011.
This clearly tells you the bashers have been filling your heads with SH-T for the last year.
These LFD shares are worth a lot of money on final buyout.
I have ran out of time, but I plan to articulate more on this later
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1/3/2012 10:05:07 PM | | 119 reads | Post #30504912
Western Zagros is producing currently:
Sarqala-1 Extended Well Test
Production from the Sarqala-1 extended well test has continued to increase with the addition of tank capacity and the construction of a new weighbridge at site. Gross production to the end of November totalled 96,000 barrels of oil that was sold into the domestic market. WesternZagros anticipates December production from the extended well test of approximately 124,000 barrels (4,000 barrels per day), and has recently achieved a daily production of over 5,000 barrels per day. To date, WesternZagros has received approximately $13 million for crude oil sales from the extended well test, including $7.9 million prepaid by the buyer for the anticipated December sales volumes.
https://cnrp.marketwire.com/client/westernzagros/release.jsp?actionFor=1541202