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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 TO1on Nov 20, 2007 10:13pm
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Post# 13841361

RE: OILEXCO Premium oil must exceed $100 now

RE: OILEXCO Premium oil must exceed $100 nowI'd call Oilexco to ask them exactly what they are getting in terms of $/bo. There is a hedge of US$88/bo (Brent oil price) on 7.1 mmbo of their Brenda/Nicol production from 2007-2010. I tried getting into the specifics through emailing PR guy (Rob) at OIL, but he replied in an email me to call him instead. I haven't had the time yet. If the 7.1 mm bo is spread over the 3 years then they get some average price above $88. If not then all production over $88/bo, until 7.1 mmbo is produced, will be capped at US$88/bo.
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