LGX Oil + Gas Inc ROAOF

Submersible contract renogiate 1st!

[radmanjeff]

I think the money the spent to lock this drilling rig up for as long as they wanted was far and far excessive. Hundreds of millions of dollars to drill and then we don;t because of the weather and strikes cost us tons of cash. So why not just sit back and concentrate on earnings with what we have now and grow company or survive until oil price rises again. It really looks like they got access to all this great deal of cheap money and they went crazy spending it w/o thought to the future. Like I have been saying that the company should have sold forward their production at the higher price months ago to lock in the profits and pay down the debt but they ran ahead with blinders on their eyes until they hit the train coming down the tracks head on!