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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 TO1on Nov 30, 2007 11:44am
744 Views
Post# 13895273

good40

good40“They've already shut down for a minimum 26 days, this year. Mechanical monkeys as GreatSwami puts it. Plan for them.” The delays were b/c of CNQ as OIL didn’t operate the Balmoral infrastructure. That won’t be an issue after the deal goes through. There are always issues up front with bringing on a new field. Same thing in mining. The Forties pipeline shutting down had nothing to do with OIL and you know it. It affected all producers that supplied oil to that pipeline. But as always your trying to put a negative spin on things. At least your consistent. I’ll definitely give you that. “I am interested in your conversation with Oilexco. I imagine your first question would have been... What's happening with Shelley?” Shelley was only a small part of it. We talked about Shelley, Huntington, Morro/Manhattan, Balmoral, Mallory, Kildare, Ptarmigan, Black Horse, Bugle, Delta, 3rd part tie ins to Balmoral, Balmoral production going to OIL once the deal is completed and the possible acquisition of a 3rd rig. Shelley was only a small part of it. Like I said in my last post the last phase of Shelley is inconclusive at this point as they are still trying to figure out what they have there. It was more complex than what they thought. But the original phase 1 drilling was less complex and successful and they definitely know what they have there and they will definitely produce from that part of Shelley. Now if you want to know at what rate that are using for Shelley and total 2008 production, call the company. I am not here to do your dirty work.
Bullboard Posts