LGX Oil + Gas Inc ROAOF

RE: RE: RE: RE: RE: RE: RE: SHELLEY

[Resilience]

If they assume obligations on those properties they will be subtracted from what needs to be paid. They ''only'' really need to pay off the RBS loan. 

If Art's smart, which remains to be seen, he only keeps those assets so as some money from the sale remains. I am pretty convinced the total sale won't be less then 1 Billion GBP. That leaves him roughly GBP 500 million to make a plan on. If this is a good plan it might work because:

- It would pay off RBS
- Keep OIl as an ongoing concern (Administrations goal)
- Leave some of the outstanding committments standing
- Keep innovative OIL expertise

Art would need:
- A producing Asset
- Cash left from the sale

Tbh I would be surprised if they could get the assets mentioned for that price but who knows, they could get some - Shelly doesn't have huge reserves but it could start a company up again. Would be rocky but you could.

Don't bother bashing, nobody exactly knows but with the current info it's pretty unlikely that OIL is going to be sold for less then around 1 billion GBP with 3 bidders.

Chances are non-existent price will be 500 GBP + 30 Mln, which is current shareprice. Someone disputing that is a lunatic, or a basher losing all credibility in seconds after countering this.

Free gamble ladies & gentlemen

R.