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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
Post by Darilonon Aug 24, 2007 5:46pm
473 Views
Post# 13298674

75000 barrels

75000 barrelsSounds like a good target to shoot for by the end of '09. So I assume we would see a share price of somewhere around $30/share. Kozak gives a pretty good picture of why we should expect these kinds of numbers given very conservative estimates on decline (25-30%).
Bullboard Posts