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LGX Oil + Gas Inc ROAOF

Energy Oil & Gas E&P
LGX Oil & Gas Inc is a junior oil and gas company. The company is engaged in the acquisition, exploration, development, and production of oil and gas properties. Its projects are in Southern Alberta. The company invests in all types of energy business-related assets, including petroleum and natural gas-related assets, gathering, processing, and transportation assets located in Western Canada. LGX is dedicated to delivering growth in reserves and production for its investors through land acquisition, exploration, and development of oil and natural gas resources.


GREY:ROAOF - Post by User

LGX Oil + Gas Inc
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Comment by Bigbadoilon Jan 09, 2006 11:00am
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Post# 10137785

RE: Year end RR/ guess on my part?

RE: Year end RR/ guess on my part?What about reserves for West Brenda (10mmstb??) not included in last years RR!Why because production was more than 2 years away at the date of that RR (31st Dec 2004). Production to start end 1st qtr. 2007 for West Brenda. Geologically it's a seperate accumalation to Brenda E. with its own oil/water contact. Therefore RR Engineers didnt give it any reserves. Also Maculloch (to be produced with one Horizontal) 50% of 10mmstb = 5mmstb net to OIL. Seperate pressure compartment(as in NR's.Remember one Horizontal in the Maculloch field has produced over 10mmstb!! Bigbadun'
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Dealroom for high-potential pre-IPO opportunities