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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 Hqzuj12on Nov 24, 2008 11:46pm
701 Views
Post# 15607980

RE: Oil Value

RE: Oil ValueThe current Book Value for Oilexco is $2.69 and that does not include the oil reserves. Look it up on Stockhouse. Now with current production and oil reserves I don't know what the price would be on a takeout bid. At least double $5.38 or more. If OIL did a joint venture with another company, that would help pay for developement.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities