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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
Comment by zagorskeon Dec 03, 2014 11:40am
119 Views
Post# 23190109

RE:Well Results Probably within 30 days

RE:Well Results Probably within 30 days          It is probably a good idea to add some at these prices. The wells in this area offer a much bigger prize than the wells in S.E. Sask. but are also more expensive. By the time we get any decisive data it will be too late to buy. I am adding on the basis that there is lots of value to back up the stock price (Manyberries property as well as this play which seems to hold good potential).   
                                                                        
         Of course buying now is a bet that oil prices are not in for a longer term downturn like the natural gas price has experienced. (Do you remember $10 to $14 gas?) Seeing a recovery in the oil price is more of a key than well results in my view since results can vary to a large degree on a well by well basis.              
                                                 

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