LGX Oil + Gas Inc ROAOF

RE: Did 15/25e-11Y Really Fail and Why?

[Kel2]

You will not find an analyst anywhere who will give more than about 15% COS to exploration wells. The internal number that a company may have on COS is can be quite different than what an analyst will provide. Considering that the E-lly was non-economic I would say that moving farther to the NW holds considerable risk. Do I ever expect OIL to drill there?.....no, I don't. They are still a takeover candidate, although at a lesser value than originally hoped by everyone. Bring in the next well and then hopefully OIL gets taken out.