LGX Oil + Gas Inc ROAOF

RE:RE:RE:Nom Nom

[nlr2]

A material change, which the well results would be considered, needs to be reported immediately. The only way they could get around it is by lengthening the testing period. So last winter they reported the one week results, this winter they must be reporting the 30 day results. Even using this as the basis for explanation is a bit much, as both wells should have been on stream for 30 days by now. The only other explanation I can think of is that the battery didn't get completed in time. The wekks still need to be flowed back so this doesn't really explain it either.

I'm thinking the best route to spin some Legacy assets into LGX would be for LEG to unload all non Alberta, and Dunvegan assets. Then they could buy LGX for whatever price and add it into the leftover company. The issue with doing it any other way would be LEG would sell out completely, then Matt and Trent would step into LGX full time. The issue would be that LGX would still be in debt, and have little cashflow. Trent's reputation is not as high as it once was so I doubt he could get financing. The other option would be then merge with another company.

Everything is based on what LEG does and the well results. Realistically I don't see how news on at least the wells can be stretched out much longer.