Longford Energy Inc V.LFD

But if I Was HAYWOOD !

[1BestPicks]

However; GENEL may desperately want LFD, just to stop another company starting early oil production in KURDISTAN.

 

Nothing like cutting the legs of all the other runners in the race; so to speak !

 

I have always said that LFD is a jewel in the crown; because it get you into production on short notice and get you cash flowing to buy other KURD players.

 

If I was Haywood; I would take LFD out just so nobody else could get into quick production.

 

If VAST drilling time is anything to by; then most players have a steep hill to climb.

 

Why spend 1 year drilling an expensive well and maybe find no oil, and then having to drill another just to fulfill the contract to hold the property. If I was Haywood; I would think this is a dream business hole; that people have themselves locked into. If I was Haywood; I would lock them in the hole and take LFD out of the game.

 

Anyone oil man knows LFD is a jewel in the crown.

 

GENEl  may come in with big guns and so may others.

[alstra32]

You can google the london stock exchange. Genel. there you will find  what Vallers got for $ 2,1 billion. They are producing 41000 bod  have reserves etc 360 million barrels and paid as they say cheap $1.50 per barrel. They way the # break down if compared to LFD is ,well take a look we may be pleasantly suprised. OH YEA when Vallers did the reverse takeover of GENEL they did NO low

[Fnord]

Yeah, with Taq Taq, Genel is not actually interested in production but want to gobble up land.  And they have a big wad of cash in their pocket for that purpose alone.  I think they have no intention of messing around.  They don't want to risk a bidding war on LFD or on the Chia rights by making a crappy offer that the shareholders reject (assuming they plan to buy LFD and not

[longrider1964]

Regarding the buyout would love to see all cash and anything over 25 cents is great and approaching 50 is a coup!  That said if they do a share based takeover we could see some interesting numbers. I could understand why they would do this as they would get a canadian listing as part of the deal and could offer a lower price with the carrot being an increasing genel share price once they