LGX Oil + Gas Inc ROAOF

The most important future fact 's are

[bcjt]

FROM THE NEWS RELAESE> Production will be tied back to the Balmoral floating production facility eight kilometres to the northeast, in which Oilexco recently acquired a 7.91-per-cent equity interest. Oilexco's production engineering effort is currently focused on a design concept for a maximum initial production rate of 35,000 barrels of oil per day from Brenda. This production rate can be handled by the Balmoral production facility where the unused oil treating capacity is currently in excess of 50,000 barrels per day. First oil is targeted for the fourth quarter of 2005. <> 35,000boe x $60.00 can(BrentPrice)=$2,100,000 a day$2,100,000 (can)x 350 days=$735 mill -$130mill(cost) Div 125 mill shares=$4.85EPS Now which #x EPS should we use 3,4,5,10 etc = shareprice Also the cost's per barrel in the nothsea from well to port are only $7.5-$8.50 US, I used $11.00 can,so simple my numbers above are Conservative & they will use debt Financing from the Royal Bank of Scotland for the tie in cost's. Old Saying>People stampede easier than cows<