Lgx Oil & Gas fka OIL

[bcjt]

Updated Calculations.On cash flow & Reserves
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<Remember there is no royalty payments to the uk gov on north sea production.
$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