LGX Oil + Gas Inc ROAOF

RE: RE: RE: Called the office!

[coffinraider]

Get it into your thick skulls......BANKRUPTCY IS NOT IN THE WORKS HERE.......RBS would not have made all the current arrangements they have if a BK were imminent as they stand to lose much even with a bidding war that wouldn't come close to recouping what's owed to them.
The Bridge loan will be followed up with a BL extension when needed, followed by another and another with added concessions to each throughout the ramped up production at Shelley in 2009 on to the planned production startup at Huntington Field in late 2009 where Olexco retains 100% of another 80 million barrels of oil of there current total of 172 million barrels.

BANKRUPTCY FEARS HAVE BEEN PUT TO REST.
RBS HAS BEEN AND REMAINS BEHIND OILEXCO ALL THE WAY TO MAKE BIG MONEY FOR THEMSELVES HERE AND ARE NOT ENTERTAINING THOUGHTS OF SLASHING THEIR OWN THROATS BY ALLOWING OILEXCO TO FAIL.

RBS HAS LAID THE GROUNDWORK FOR THEMSELVES WITH THE CURRENT ARRANGEMENTS FOR A POTENTIAL BUYOUT LATER ON IN BETTER TIMES OF INCREASED PRODUCTION FROM OILEXCO NOW FORTHCOMING.

BETTER TIMES OF INCREASING PRICES AND VALUE GOING FORWARD AS EXPECTED LATER IN 2009.

RBS AND OILEXCO ARE A GREAT COMBO IN THESE TIMES OF MUCH TURMOIL.

Those caught holding OIL.T at a much higher sp will see their investment returned to them, the rightful owners, those with patience.

Those buying in now will be the biggest winners of all.


THIS WAS POSTED EARLIER BY FRANJO 11 ...... THE ABOVE IS MY REPLY.

"The only thing that can keep this stock at .50 is the danger ofbankruptcy.  It is worth a heck of a lot more, but the risk ofbankruptcy is driving the SP down.  If there is any news or rumorsthat the company will be kept afloat, the stock will bounce bigtime.  The management has done great in getting the right assetsand exploration, but the one thing where they completely screwed up isrisk management.  With the kind of risk profile that they have andtheir exposure to oil prices, it is simply wrong that they did nothedge against this exposure. 
My thinking right now iswhether it would better suit them to let the company go into bankruptcyprotection and restructure it rather than save it.  It leaves norecourse to the current shareholders.  I am sure that they CANsave the company if they want to, but do they?  That's the bigquestion to ask yourself. 
I will wait till January until it becomes hopefully a bit clearer what is going to happen.."