LGX Oil + Gas Inc ROAOF

Current NR

[chucker23]

from what I am gathering from the most recent NR and 'some' posts:

- OIL and ONSL are definitely linked and as somebody put best - co-signed for any ONSL debt - this was obvious

- if this was a formality by RBS then why wasn't it done earlier?

- maybe Art & OIL are submitting bids that cover just the debt (acquire certain assets of ONSL by assumption of future obligations related to those assets) to help ensure somebody out bids them - thus ensuring at least some money for share holders

- RBS is forcing OIL into bankruptcy forcing Art to remove his bid (nowehere in the NR is a company called Oiltech mentioned) thus improving the chances of a company that RBS has in their back pockets to win their bid

- it is almost as though this NR should have been to separate ones.  One - the demand for debt and two - the official announcement of bids from others and OIL

- my fear is that this could get locked up in a court battle

- how can OIL be collecting any money from current operations if the operations that are making money are under the umbrella of ONSL - which is in adminstration.

- as for someone backing OIL with their bid on ONSL - in the bid - Art must have had to prove that he can handle the debt and I am quite certain that the bid would not have been accepted if Art just simply said "we'll pay for the debt through production" - there must be some source of money at Art's disposal.

- to me the rabbit out of the hat trick might be that Art has big money support from somewhere.

- delisting is minor if there is a sale - I guess you need to decide whether to get in or out by monday
- if Art gets his hands on some valuable ONSL assets then we get relisted

Good luck to all - this thing is not for the weak of heart!!!