LIG Assets Inc (LIGA)

[clynel]

Permian Basin Drilling and LIGA

This is how you know this is BS....First off, they give no indication as to the location of the 400 acres. The Permian Basin is massive. Second, even if it is a lateral drill LIGA is looking at $7-8 million per drill before one drop of oil hits the market. Third, that region has 60 acre spacing, which means they can drill a whopping 6 wells. So, who is going to loan a company with a $50,000 market cap $48 million for a drilling program? And finally where is the reserve report?