According to brokes post on...

According to brokes post on LGO,

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i don't think the market get it's yet!

If brisbane has a 50% interest in epl 18 and there is 5 mil barells and LGO have a 22% interest in brisbane wouldn't it go like this......

5 mill barells x $50 = $250,000,000
$250,000,000 x 50% ( brisbane share) = $125,000,000
$125,000,000 x 22% (lgo share) = $27,500,000
Then if we divide LGO shares into the above

$27,500,000 / 171,000,000 = 16 cents per share!

Hope so....should be a good open tomorrow
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Then in theory what price should EPE be?

EPE get a clean 50% cut..
Which equals $125,000,000

$125,000,000 / 56,000,000 = $2.23 per share!!!!

If thats the case I'll hold till the cows come home!!

What surprises me the most is EPE has a small amount of issue and LGO has 171,000,000 in comparison to 56,000,000. And yet there is 8.9 mil on sell side with EPE and 10 mil on the sell side with LGO.

EPE up 27.3%
LGO up 22.9%


EPE get 50% cut
LGO get 22% cut


It dont add Up??

You would have thought EPE would be well above 40c..
Maybe not today....but maybe the Next day..

Go figure..


Cheers,
Ace.