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.

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LGX Oil + Gas Inc

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Comment by Darilonon Aug 06, 2007 2:45pm

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Post# 13206377

RE: Chyanne Fickes #2 Top Pick

<> You've overcomplicated your calculation. Current market cap of the company is approximately $2.7B (check the quote page for OIL on stockhouse). 3:1 gives $900M required revenues, 4:1 gives just under 700M required revenues. Her CF estimates are pretty much in the ball park. 800M at 65/barrel gives you 33500 barrels, which Brenda/Nicol is perfectly capable of achieving currently and as I pointed out earlier replacement capacity will be online in plenty of time to mitigate any depletion and in fact add capacity significantly. Imagine what the cash flow is going to be when Huntington goes online?

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