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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 Oct 25, 2006 9:49am
421 Views
Post# 11552967

RE: Premier Oil

RE: Premier OilThis conservation reminds me of when I was in grade 5 and we all used to argue over how many marbles everybody had in the schoolyard... The only ways (that I know) that you get reserves of oil and gas is that you BUY it or drill for it. Sure Goodie, Oil may only have a R/P of 4 years or whatever but if you give them some time (they have JV's lined up and a drilling rig -crucial elements for this!), i am confident the R/P quotient will change. Its like having a huge load of marbles in your pocket and you know your competitors have alot less.. you can take some losses but you will win in the end because you have staying power.. Time will tell.. so all these ramblings about valuation right now are seemingly futile. The discussion should be on how many "marbles" Art has in his pocket right now? Bigbadun'
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Dealroom for high-potential pre-IPO opportunities