Longford Energy Inc V.LFD

vast opportunity?

[longrider1964]

So assuming we get 70 million or more in cash for the Chia stake that leaves us with a big chunk of money to invest as I can assure u they won't pay it out in cash. That being said Vast does have a very nice asset in its 25% share of Qara Dagh. They just raised $2.5 million by issuing 45 million shares but need at least $20 million more to fully fund there share of the next well.  Does LFD use 20 of that newly acquired pot of money to finance VST's share of the next well? And at what price? If its at 5 cents then i for one would be in full agreement of this move. Longford would gain controlling interest with its 400 million shares and be getting a great deal. The kurds only got 60,000,000 shares for the extra 10% of the block . If this was the deal i for one would love it as lfd would still have $50 million cash and a 60% stake in Vast. If they hit on the second well lfd's share price heads way up and we still have the cash to pursue other opportunities. Its a win-win situation. Since Forbes and Manhattan own both they would like the deal as they gain on both ends thru both companies without diluting themselves out of the picture. They are in essence using their own money to finance themselves. The only thing needed is to get the deal approved by the OSC and exsting shareholders. But all the big boys will want it as they own both so it makes sense and the little guys either go along or risk getting nothing down the line when vast can't raise the extra funds needed. It will be tow the line or write your investment off completely. Better to have a smaller stake in a successful well and producing block or nothing at all. So all in all Lfd could soon be looking like a very nice investment indeed. With 25 cents in cash and 15% of Qara Dagh I could see a 50-60 cent share price quite easily. Who knows what will happen but knowing F&M I can see this as a distinct possibility

All in my humble opinion but we will find out soon enough,

Longrider

[hopeandaprayer]

good post. That's what I've thought is going on behind the scenes. On another front, the Kurds are getting restless: "In an interview on Saturday with BBC's Persian-language station, Kurdistan Region President Massoud Barzani said, "The Iraqi government must find a solution to political problems facing Iraq now, and if these problems continue, the Kurds will assess all the

[kdcalgary74]

  well the good news on an asset deal is that it is for all or substantially all of the assets. Therefore a shareholder vote is requried and LFD would have to seek board approval for the sale and likely there plan for the cash. A merger with Vast is unlikely and in all honesty a waste. As a longford shareholder, give me my money and I will decide to deploy it where I see fit. In all honesty

[hopeandaprayer]

I, like you, would far sooner have the money in my pocket from a sale. I agree. But what I want and what I think they are planning are two different things. I hope we get what we want. Of course, if it goes the other direction, then once again we need a successful drill. Obvously, the seismic on QD was next to useless. I would think that with the drilling knowledge, they may be able to recalibrate

[kaosblues]

People have short memories. Vast is probably sitting on one of the most prolific and gargantuan oil finds in Kurdistan.  While it is true that the company is in severe financial distress and needs funding to drill or take part in another drill it does not mean that there is no value in the concession.  Indeed, simply because the find from the first well was non commercial everyone seems

[Fnord]

Like many others I'd like to just take the profits and then run as far away as I can from LFD management.  Unfortunately it probably won't be that simple.  But if things get overly complicated I'll be happy to just take a small profit and put the money to work elsewhere. I hold a little bit of VST, but  won't put any serious money into it at this point.  Qara

[Kurd30]

Kaosblues, That was a classic pumper post.  Forget the risks, forget that they have no money, forget that there will be massive dilution, forget the risks.  Think about the billions and billions of barrels that QD will flow and all you vst holders will become filthy rich.  Keep selling the fantasy kaosblues.