LGO longreach oil limited
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  1. Mudskipper
    338 Posts.
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    25/01/07
    10:45
    Post #: 2139207
    Austex which has an 80% interest in Oklahoma oilfields have proven 6 million barrels of oil. Lgo own 20% of austex.
    6mill x 0.8 = 4.8mill barrels
    4.8mill x 0.2 = 960,000
    960,000 x $50 = $$$$48mill
    lgo market cap under $10 mill
    $48 mill is lgo share

    I'm in at 3c thankyou very much.
    LGO Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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