LFD has recently begun a nice move, as the market has noticed this beaten up play, which was $.80, a year ago, is now $.30. The price of the recent PP, which Billionaire George Soros owns nearly 15% at. Looking like a drilling date is nearing, as seismic was recently finished.
Driling is really exciting, because LFD's block already has 5000 barrels , previously discovered. 5000 barrels a day would mean a $3 stock
FROM LATEST NR
The first well is anticipated to be drilled on the Chia Surkh Field, to atotal depth of 2,400 meters, confirming the shallow Jeribe discoverydrilled in 1936 and reported to have tested at 4,800 barrels of oil perday. The upcoming well has been designed as a future oil producer, andupon successful testing, the Company intends to promptly build earlyproduction facilities and bring the well online.