LGX Oil + Gas Inc ROAOF

RE: RE: TSX Delisting review comparison

[Karmanow]

answer to good40 question...
assuming when Oilexco was valued at $1.6 billion brent was at @$80.  227 million Shares valued at $7.04 each.

Taking the above ratio to the next level, lets assume for arguements sake:
brent at $70    227 million shares    valued at $6.00 per share
brent at $60    227 million shares    valued at $4.00 per share
brent at $50    227 million shares    valued at $2.00 per share
brent at $40    227 million shares    valued at $1.00 per share  

interesting Wellington Report  and other posters doing due dilligence have value of shares at brent $ 40 from between .50 and $1.00 
BNN analyst  on Market Call on friday also using $60 brent came up with a value of $4.00 per share.
Assuming current conditions: Admin, RBS, moving Shelley online, financing???
I believe that any good news from the Admin, Shelley or a lawsuit put in against the RBS for misleading our Board re financing options and delaying our financing process with other lenders, that we will be  in for an exciting time.

P.S. please remember that Art has over 2 million shares and they were worth over $25 million not long ago, now they are worth $200,000. If anyone has lost bigtime it certainly has been him. He is a major share holder just like I am, and so, I continue to believe that he will work in the best interest of Oilexco as we move through this very uncertain time. I wait patiently for news on Shelley and the inventory report pending. I must say I am sleeping better as I think there is more upside than downside, hope Brent goes up this week to shake up the meetings going on regarding the value of our assets.
Stay tuned..