LGX Oil + Gas Inc ROAOF

RE: Hmmmm

[Bigbadoil]

Royal Bank of Scotland (RBS) have got the rights to the deal BECAUSE THEY WANT THE DEAL! and want to stop any old XYZ bank from getting the deal. its just like getting a mortgage when the bank signs off. There is no money committed until you get the house and all the Lawyers stuff is done..think of the reserve report as the lawyers DD and the DTI approval for Brenda production as the possession date!!! They will also have to do some enviromental work and the like so its not a straight forward process. I think everyone is getting too hyped about the reserve report for Oilexco. A major oil company financing outfit (like RBS) will have its own in house engineering staff or farm it out to an independant engineering firm. This is paid for by RBS and is nothing to do with Oilexco. I cant see a bank using oil sanctioned people for DD.... Anyway the point is if RBS have done this work then IT IS NOT PUBLIC INFORMATION. And therefore they do not have to release it into the public domain. Oilexco will just have to give its data over to the bank. So as far as Oilexco is concerned they only have to comply with NI 101 (or whatever it is!!). i think someone said the end of April for that...but correct me if im wrong...Why would the DTI need a reserve report? Surely their concerns are technical,procedural, environmental and need to see the competence of the company to do the project?. Also the Uk Government needs all the oil it can get!! Economics is Oilexco's decision surely? Im just asking these questions because it seems logical to me, so please fill us all in. Alot of posters seem to making comments as if they are sure these things are going to happen. I happen to know a little bit and I think alot of them are making poor assumptions. So sit tight for a bit. As Ed Gein says drilling starts in March..Oil may have found a couple more brenda's by the end of April so all this scratching and itching maybe moot!! Bigbadun'