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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 17, 2007 3:29pm
357 Views
Post# 13590184

RE: Trust me...

RE: Trust me...Hey Goofy, I have have calculated that 250mmbl (Huntingdon Gross Recoverable reserves) number too from the information provided by Oilexco plus its partners,reservoir properties by analogy from nearby fields plus having some knowledge in the area of oil field reservoir calculation. Now it is a single number and like Swami says it is an "educated guess" We should really give it a range but I think the "hype" is justified in this case. My "ultmate gross recoverable reserves" number is very similiar to Wellington Wests unrisked number. Smart analysts as they are, they put a risk to it as the field is in an early stage of appraisal. So lets put it to a vote posters! Who has more credibility? Me or the Goof?? Bigbadun'
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities