LGX Oil + Gas Inc ROAOF

RE:we are done

[zagorske]

           SUGGESTION; LEGACY could make an all share offer for LGX. (1/10th of a share?)           
                                                                                                                                                       
           RATIONALE;    LEGACY is in at a much higher price than Miller and knows very well what the real prospects are for both of LGX's properties.( Alberts Bakken and Manyberries ) . LGX has invested a lot of money in drilling wells on the Bakken property without really making much of an effort to maximize production from these wells. They continue to state that they see very good potential in the Bakken property but certainly at the current oil price there is no reason to maximize production. As for Manyberries, it is certainly a very good oil property where also no effort has been made to enhance production. There is also no clarity on what the SAGE-GROUSE situation really is. For the TRUE situation to be as bleak as the market is currently presenting it to be would require an incredible degree of NAIVETY on the part of management. ( i.e. running $50 million cash down to zero by buying Manyberries and then compounding by spending an additional $30 million drilling wells without being cognizant of the cash generating opportunities presented by drilling.) For about 6 million LEGACY shares and assuming $30million of debt would get incredible value providing they really do believe what they are saying about the Manyberries and Bakken properties. Of course any action may also depend on what property sales of their own LEGACY may make.