Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Longford Energy Inc V.LFD

TSXV:LFD - Post Discussion

Longford Energy Inc > Ahmed Said reply ...BS
View:
Post by ktabaja on Jan 18, 2012 1:05pm

Ahmed Said reply ...BS

,Dear -----------We understand your concerns, however, don't agree with them. The company has always conducted its operations with due care and professionalism. In fact our operations in .country was probably one of the most efficient and effective setups among all international oil companiesUnfortunately, the company could not raise all the capital necessary for completing its obligations on the Chia Surkh Block. This is due to a variety of reasons. Over the past 12 months, the capital markets, and especially the junior oil & gas sector has gone through a dramatic change and exploration capital has been very difficult to raise. Secondly, the political changes and turbulence in Middle East have changed the outlook on investments there. You only have to watch any major news channel to see what is going on in .the regionEven with these tough circumstances, the fact that management was able to get something out for its investors at this late stage, by way of negotiating this agreement and getting this transfer approved by the government, is literally a miracle! This is due to management's hard work and exceptional relationships with the government. The alternative was potential 0! And the fact that the company had an outstanding payment to the government made the situation even more pressing. Thus we believe this .transaction to be an excellent outcome, given the circumstances aboveWe apologize for any shortcomings, Kurdistan has proven more difficult for junior oil and gas companies than initially anticipated. We wish you success with your future .
Comment by taxistealer on Jan 18, 2012 1:07pm
This post has been removed in accordance with Community Policy
Comment by ktabaja on Jan 18, 2012 1:16pm
Yes I agree but I don't know whether you read the email I sent him. He did not answer many of the questions which can hold him in a legal court- where was the 67 million wasted- why they did not tell shareholders they are no longer going to drill and they are having other considerations- about liquidaiion option
Comment by Aton on Jan 18, 2012 2:01pm
ktabaja, Send hin an reply andtell him we shareholders got into lfd for the sole intention of getting into Kurdistan and vant 100% dividend not assets in Afrika.  
Comment by good40 on Jan 18, 2012 2:14pm
I have to agree with management here,  it's the best they could do,  better than I anticipated.  The only problem is the exaggerated numbers of the hype team that just moves to each flavor of the month.  That would be EOIM,  Swiss Time, Maysteeler and all of his cheerleading aliases.  They are here to sell shares,  not purchase.  Why would anyone promote ...more  
Comment by kaosblues on Jan 18, 2012 2:47pm
Big surprise Goofy, it's obvious as the nose on your face that you are a stollie for management and always have been.  Anything you can do to try and drive down the SP you have done. Let me be quite clear, you have not addressed my point about suing for an accounting.  That happens all the time and is probably the most effective remedy in these kinds of situations. If you ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities