LGX Oil + Gas Inc ROAOF

RE: 63mm bbls

[jake1444]

Why so sarcastic? Just asked a simple question. No need to be disrespectful. Also, the fact that they have 40 million plus PROVED says a lot that you are not giving due credit. Proved, as I hope you know, gives them a 90% probability of recovery. Thus, as they develop these UNDEVELOPED proved reserves, the risk is very low. You seem to so focused on the PROVED DEVELOPED reserves that you give little or no worth to the PROVED UNDEVELOPED reserves. This gives your arguments a very skewed approach. If you fully understood the ideas and procedures of exploration and exploitation, you would be kicking back and enjoying the successes that Oilexco has so far provided. They have millions of undeveloped PROVEN reserves because they have been successful with the drill bit. Can't automatically bring a PROVEN reserve into development without it first being categorized for a short time as UNDEVELOPED. Things take time, and obviously you are so focused on the negative slant of everything, that you can't see the positive things. Such as 20+ million barrels of oil in an undeveloped state, at this time. I guess I should ask a question, would you rather have the scenario of 20+ million barrels of oil in an undeveloped field, or have no undeveloped PROVEN reserves? The 2nd scenario means that you have nothing coming down the pipe.