LGX Oil + Gas Inc ROAOF

Get a life G40 - GS

[TO1]

GS Don't even bother. First he says Brenda never came close to producing 30k/d. Then when the Q3 report says it did he changes his tune to Brenda won't come close to averaging 30k/d. Its whatever is convenient to post at the time. He just keeps playing with words. He says Kildare isn't appraised. What a Fk'n idiot! The March 19, 2007 NR says otherwise to the tune of 4,733 boed (4,216 bod @ 40API) from over 125 ft (38 m) of pay. All this and the shallow zone was not tested, just logged and 35 API oil samples taken that showed a 2 km southern extension to the original discovery well. Huntington flows over 7,200 bod and not a word out of him. "It's just 40 mmbo net". That is just for the shallow zone. The deeper Jurassic looks to be larger than the shallow Paleocene and that estimate is before they even found the O/W contact in the Jurassic. I’ve seen all kind of targets on Huntington from Joseph Schacter to Canaccord to RBC to Merrill Lynch to Noreco…et all, and the smallest target I’ve seen on the 2 Huntington reservoirs is 170 mmbo by RBC. RBC is a bank. And banks have always very conservative on commodity plays. Hell they still use $60 oil in their analysis. Has anyone on any BB seen the seismic data, logs, core samples, pressure data…etc on Huntington that the pros have. Nope! But good40 comes to the table and feels free to shoot out some number at will. He posted “maybe” 70 mmbo total. 40% of the lowest target any analyst or partner in the play comes up with and they actually have the data in their hands. What a joke! In the past he stated that they “might” be able to get a few feet out of Balmoral “attic oil”. Who are we kidding here? There is no way that would be economical and practically impossible to drill something that is 3 feet thick. So why would anyone attempt to do it? That is why he keeps harping about Shelley. It’s all he’s got to work with. When the pumps come in and the Brenda production rises he will quickly get off that horse and try to exploit something else, if there is something else to exploit at that time. I've posted on this and on the IV BB that the pumps were not online as of 2 weeks ago. How is this any new news on this BB? The only new news to come out of this was the 2008 budget and the flow test results out of Huntington. Actually the Shelley results were better than I expected as I completely wrote the phase 2 drilling off. But the NR states "These operations were also successful in extending the known oil column". So it wasn’t a complete bust and will add to the reserves outlined in the successful phase 1 drilling. Put the fruitloop on “IGNORE”. I did and it’s all good. If someone out there is so naive to listen to that clown then they deserve their fate. I’ve always said that if you are not sure then call or email the company. Get it straight from the horse’s mouth. That’s what they have a PR department for.