Longford Energy Inc V.LFD

Chia Surkh Amendment Agreement

[EOIM]

Page 9 of the Chia contract amendment signed in 2010 by LFD below with the KRG indicates that LFD had already paid $20 million in bonuses as at 2010. First is $500k and followed by $19.5 million - https://www.krg.org/pages/page_blank.asp?lngnr=12&rnr=296&PageNr=99

[Gray_Wolf]

So what does it mean? Does lfd still owe some money to krg or not?

[EOIM]

If you had read the document in full, you would have noticed that LFD bonus payments to KRG are suppoed to be in 3 parts:   - $500,0000 which was paid - $19.5 million which was paid in full also - $25 million which is outstanding and would be deducted from GENEL money inluding interest arrears of around $1 milion. Some people are of the impression that LFD never paid any bonus.  So the

[alstra32]

Great work. Amazing guess they basically took pay cheques and bonuses for the other $50,000,000 because as we all know they did little to nothing else, Do I feel TAKEN !!! They should be itaken to court!!