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LGX Oil + Gas Inc ROAOF

LGX Oil & Gas Inc is a junior oil and gas company. The company is engaged in the acquisition, exploration, development, and production of oil and gas properties. Its projects are in Southern Alberta. The company invests in all types of energy business-related assets, including petroleum and natural gas-related assets, gathering, processing, and transportation assets located in Western Canada. LGX is dedicated to delivering growth in reserves and production for its investors through land acquisition, exploration, and development of oil and natural gas resources.


GREY:ROAOF - Post by User

Bullboard Posts
Post by hardyjon Jan 05, 2009 5:10pm
917 Views
Post# 15683583

Share Value

Share Value

Alright, I will start off by saying that I am not by any means a pro investor but this is a very modest approach that I have placed on the value on Oilexco as it stands currently.  I have based this on 3 years cash flow which is very low. 

I do realize that recieving financing is the only way for us to keep operating, If I had a spear $100Million kicking around I would sure make an offer right now. 

Price @ $40

20,000  Barrels per Day
365  Days
3  Years
$40  per Barrel
$876,000,000  3 years Cash Flow
-$700,000,000  Debt
$176,000,000  Value
225,000,000  Shares Outstanding
$0.78  Value per Share


 

Price @ $50

 

20,000  Barrels per Day
365  Days
3  Years
$50  per Barrel
$1,095,000,000  3 years Cash Flow
-$700,000,000  Debt
$395,000,000  Value
225,000,000  Shares Outstanding
$1.76  Value per Share


 

Price @ $60

 

20,000  Barrels per Day
365  Days
3  Years
$60  per Barrel
$1,314,000,000  3 years Cash Flow
-$700,000,000  Debt
$614,000,000  Value
225,000,000  Shares Outstanding
$2.73  Value per Share


Just my thoughts...
Bullboard Posts