Re: LGO Stream Log - I was looking at the...

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Re: LGO Stream Log
14:15 04/11/2014
pcwong
0 replies 0 0

I was looking at the Pound in relation to the US Dollar. Since LGO's revenue is derived in US Dollars, I noticed that the Pound was sub 0.60 vs the US Dollar in the July to August period. Now it is at 0.625. Since LGO reports its financials in Pounds, would not the stronger US Dollar will also reflect a Forex gain therefore mitigating further any drop in revenue with regard to the price of crude oil?

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