LGX Oil + Gas Inc ROAOF

Guys check this out

[Piranha7]

it's a a company i've been following since December.....i'm not pumping it cause i don't even own any shares of it but it's nice to draw comparisons with our OIL and of how a company is only valued on what it produces of oil, not of what it potenitally may have. The company is Bison resources it is located here in Calgary too and this is taken from its Q4 finacial results just release on May10. "Bison's average daily production for the year ended December 31, 2003 was 1,262 boepd an increase of 434 boepd over the same period last year, a 52% increase. Bison's average daily production for the three months ended December 31, 2003 was 1,517 boepd an increase of 538 boepd over the same period last year, a 55% increase." Today's stock price of this company was $2.65 and if u take a look at the volume it usually trades ....u will LUFAO cause there is barely nothing....its revenues are around $17M/365/1262 = $38cdn/barrel. This company produces 1262bbl/d and its worth $2.65, does anyone who sold their shares lately know in their right mind where does that put OIL once they start producing late summer hopefully. Lets see what we got: Brenda1 2980 bbl/d Brenda2 4785 bbl/d Brenda3 2648 bbl/d so the total is 10413 bbl/d and thats without the artificial lift and with out counting what they'll find in the wells to be drilled in june/july. so thats around 8x what bisson produces can we say it will give us 8x its price.....$21.2 on the oil play alone (and not even all of the oil play since there are still more wells to drill), and not counting the southern gas basin which i'm sure it will add up to BadBoyz target price of $45 end of 2005 early 2006. I was just checking out Bisson and was astonished by what i found out and wanted to share it with u guys the longs. As for who chickened and sold....all i can say is i pitty u guys. Good luck to all and cheers.