LGO Energy (LGO) shareholders have a habit of taking every production figure that LGO releases and reasoning their way a priori to envelope that figure within a schema of general conventional oil production far into the distant future without factoring in the overwhelming rates of depletion at the field. Essentially this is a wilful ignoring of the empirical evidence of decline. This falls squarely within Einstein's definition of insanity as making the same set of assumptions over and over again and expecting different results.
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