LGX Oil + Gas Inc ROAOF

Updated Calculations,Reserves in the ground

[bcjt]

Based on what we know & heard/read in the media/oilexco & the currant price of brent crude. 40,000boe x $63.00 can=$2,520,000 a day$2,520,000 (can)x 350 days=$882 mill -$140mill(cost) Div 125 mill shares=$5.95EPS Now which #x EPS should we use 4,5,10 etc = shareprice REMEMBER THIS DOES NOT INCLUDE THE GAS!!!! Based on oil in the ground.$12.50us=$15.75can Lets say what ever they put in a news release on the the total barrels in the ground lets do some math. These # 's are based on barrels in the ground not pumping up a hole(up the hole is $63.00 canadian boe) 100 mill boe x$15.75=$1.575 Bill div 125 mill shares=$12.60 asset value 150 mill boe x$15.75=$2.362 Bill div 125 mill shares=$18.90 asset value 200 mill boe x$15.75=$3.150 Bill div 125 mill shares=$25.20 asset value 250 mill boe x$15.75=$3.937 Bill div 125 mill shares=$31.50 asset value 300 mill boe x$15.75=$4.725 Bill div 125 mill shares=$37.80 asset value 350 mill boe x$15.75=$5.512 Bill div 125 mill shares=$44.10asset value 400 mill boe x$15.75=$6.300 Bill div 125 mill shares=$50.40asset value