Longford Energy Inc V.LFD

20% or 40%

[good40]

If Genel were to purchase LFD's original 20%,  then Genel wouldn't be responsible for the $25 million that LFD owes the KRG,  nor would they assume the 40% royalty rate assigned to the other 20% that LFD owns.

 

LFD could use the cash to pay the $25 million and retain the other 20% interest,  although still including the 40% royalty rate.

[alstra32]

Yea Moron ! Hope your right for once. The $70,000,000 for the 20% and Lfd keeps a 20% interest. Nice try again. Oh Yea   :" LOSER " Still waiting for your picks!! 8th request "

[good40]

You've got to admit,  it does make sense.  By purchasing the 2nd 20% of LFD's 40% interest,  Genel would be responsible for $25 million in back payments,  and must assume a 40% royalty rate.  In that sense,  the 2nd 20% of LFD's is not worth anywhere near what the first 20% is worth.   Genel would be much better off ,  value wise,  to

[kaosblues]

Goofy:  You've already been proven dead wrong.  Zip it!