LGX Oil + Gas Inc ROAOF

RE: That Scotsman article

[Kel2]

1. There will not be a partner on the Brenda field. They do not need a partner. 2. Although the cash from the 2.38 warrants will finance the next three wells there will be another financing unless the company gets bought out very quickly. As a junior, you cannnot drill your money away (successfull or not) and run your treasury dry. Just like FCP they will use the successfull drilling to raise additional capital to make sure they can continue to drill in case a buyout does not come quickly. 3. Of course a financing results in additional shares being issued which is dilutive but it also puts money in bank and allows more value to be created for the shareholder. FCP raised $140 million at $4 and was $5 the next day and now over $10. You guys who worry about diluiton - get your heads out of the sand.