LGX Oil + Gas Inc ROAOF

RE: RE: the numbers

[Karmanow]

All the facts have been here along....

.....Wonder why the analysts that predicted bankruptsy dont get the same attention as the one that predicts what we longs have predicted all along??

I was initially surprised with the article yesterday, but after reflecting today I came to the conclusion that when I re-read the Wellington West Report (posted by zdat 2 weeks ago) you can see that their mid range valuation is near abouts what the Sunday Times gives at @$2.00 plus per share. The big boys are at work and the end game will take some time but for those that have done their d/d and stayed long, good luck. Producing Oil that is sold at a premium to Brent is very valuable, the unknown is the valuation on Huntington and its reserves.
As far as the debts are concerned, if I was a purchasing company I would surely want to assume the long term debt over the next 5 years at the good interest rates negotiated by OILEXCO.  The Admin has stated that they are reviewing contracts and maybe some of the contracts that exist and are being put into the debt category actually could be assumed by the new buyer as they are needed for the development of the properties.
IMO,we are past the black days of.08 cents and as a famous woman said once, "buckle up boys...looks like we are in for a rough ride...." If the s/p does not move up on Monday I think some longs will be looking at the risk rewards and backing up the trucks...
glta