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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 annoncpleon Jan 20, 2015 10:53am
90 Views
Post# 23339042

i still think

i still thinkif a deal with someone goes through the turner valley assets are a little out of some others skillset and focus. so I still think lgx land with turner valley leg assets would give cash flow and smaller debt correctly sized company for t and m to fall back too then sell that to torc or dtx sometime...but still we have possibly 30 mill in debt of our own which is even more than leg and cap plus debt is higher per boe than leg unless a possible 5 mill came from the grouse issue I don't see even a 20/boe cash flow from the wells drilled last fall that are producing this spring
Bullboard Posts