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

Bullboard Posts

Comment by Bigbadoilon Aug 15, 2006 12:49pm

356 Views

Post# 11228687

RE: Net (gross)

The 90 feet reported is the thickness of the Oil column not net reservoir pay. The oil colomn is the vertical distance from the Oil/water contact to the gas/oil contact. Now they mentioned a small gas cap in the 2nd deviated well but did not mention a oil/water contact. That COULD mean there is oil all the way to the base of the Tay sand so the Oil column reported of 90 feet could be larger... Maybe they are thinking that way and thats why they are drilling 4 appraisal well to the SW (downdip huh????). Hey Tar no one reports that we got 65% of a vertical pay that way - thats too damn silly.. Pay is important but so is the area of pay. That is why they are appraising- to determine the ultimate area of pay. Hey G40- I used the word COULD ok??? Bigbadun'

Bullboard Posts

Quebecor achieves all Freedom Mobile acquisition commitments