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LGX Oil + Gas Inc ROAOF

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

Bullboard Posts
Comment by Bigbadoilon Jan 31, 2006 8:00pm
253 Views
Post# 10272293

RE: Retireonoil

RE: RetireonoilThey cant give reserves to B-10 because the capital expense of the well is outside the 2 year window (dated Dec 31 2005. As the original B-10 well is not going to used for production - they have to drill a new horizontal well. OK they can use the produciton facilities buit if you read the NA definitons ( which they are referring to) then this well has to be on production inthe 2 year time frame. It is now in that window. Bigbadun'
Bullboard Posts