LGX Oil + Gas Inc ROAOF

RE: insider selling

[Darilon]

"when you consider the assets are worth $20/bbl" The only one saying that is you. Value of reserves in the ground increases with oil price especially as it is sustained in the $80+ range. "Their booked reserves show only 43mm bbls, so this price takes into account a huge increase." What? You mean last years booked reserves before any exploration and development success could lead to higher booked reserves? Lets play a game. What were the booked reserves the year before that? 18 million barrels? Then last year 43 million barrels? Then this year what? 80-200? And then the year after? You can't pick one static moment in time and value a company based on that, especially a moment in the past. You have to keep up with the times or you are as dead as the Edsel. This kind of backward thinking is what has left you behind since $2.00/share while the rest of us are bagging big gains in our investment accounts. Oilexco now has enough discoveries to exploit to keep them busy for the next couple of years developing and tying in to add to production and they are still drilling more exploration wells on top of it all. This is a momentum and growth story, not some boring company at the top of it's growth curve.