LGX Oil + Gas Inc ROAOF

possible value calc...............................

[upmarkets]

London quotes in pence

100 P  to  one  Pound sterling ( per a post last night )
( for 35 ish years now)

(ie    once was a non  decimal currency system ,  old  pence to  pounds)

1 pound is   1.77  CAN

so 14.5  p   =   25.7 cents Can

I think I learned  this skill in  about  grade  4
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Lets say just  800 mil pounds  bid ( the big  IF  ) for assets in subsiduary ( say not the  1 bil  )
then  the net  cash to OIL would be say 300 mil lb ( after 500 mil lb debt paid )
or  530 mil $can
( using some numbers in  British newspaper - trusting the reporter had some decent opinion from  sources?)
Odd we need a British paper to tell us some  reasonable numbers
How many of us went to  Sedar to check debt? (  I don't ( yet?) own any OIL)
Canadian brokerages  are silent useless sheep
Did anyone ever see some valuation ( ie a guess on net  value or  bids to come in )
Any  bid  is related  to  future expectation of oil prices 60  70  80  ?


224 mil sh out  
plus  say  47mil$ RBS recent loan converts , at wild guess say,  47 cents?
= add 100 mil sh

or 324 mil sh     so  530/ 324   =  1.63  cash value comes over to  OIL treasury

So say t:OIL  then  trades at a  bear discount  say   $1.35 ( and back onto  tsxv  )

Company would then  be a cashed up , high shares , shell with no?  properties, at square one

Safer action  is to trade on the 20% swings

Regards
U