LGX Oil + Gas Inc ROAOF

RE: Reality bites

[Kel2]

The reality is that any comments made by any one regarding how much oil may be in the ground is simply speculation on that person's part. Until you have a third party engineering report in hand you do not have a real number to work with. What one believes will be eventually proven by additonal drilling is why you buy shares in company's like OIL. For those of you who took the 150 million number to be one of fact only proves once again how nieve investors are and how lacking in knowledge. A number of posters made comments on this board that that number was not valid at this point. The company did not make any announcements regarding reserves because they have nothing to announce. They are waiting for the report themselves. And, when they get it, it will only be referncing the Brenda #1. IT WILL NOT take into acount #2 or the one currently drilling. So, when the number is made public don't get yourselves all tied in a knot because it doesn't say there is 150 million barrels recoverable. Additional appraisal wells need to be drilled a before establishing larger numbers - as OIL indicated in a previous release.