ResultsSolid results as expected. It is important to note that the vast majority of Lecagy's assets have yet to be booked. This company's management takes a very conservative (and I believe prudent) approack to reserve valuation. Management here is the key and is very stong with Mr. Yanko leading the way Remember Mr. Yanko was the pioneer of the Bakkan. It is also a strong positive sign when you see Paul Colborne involved. He is invloved in a number of recent recapitalizations the most recent being Zapata Energy (V.ZCO) where is is back in with the team from Breaker Energy. Legacy is the one that he is most heavily invested in by far. Follow good management and you will see repeated good results.
Regards
Spastic121