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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 Bigbadoilon Nov 11, 2004 3:47pm
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Post# 8167503

RE: More Interesting Numbers

RE: More Interesting Numbersthe 26000 per producing barrel price cannot be compared as it includes a mix of gas and oil. Generally the oil is light in the Anardarko deal (34-40 api). Brent is middle gravity... Brenda is very good light oil ( 40 api) so should get a better price than Brent ( North sea reference crude). I would think the value of Brenda would be more linked to the reserve size, which is the billion dollar question subject to much discussion on this board!! Compare the acquisition price Petro-Canada paid for Buzzard.. I think that is a good analogy. BRENDA HOW BIG ARE YOU? WE NEED TO KNOW NOW!!! PLEASE ART GIVE US A GOOD XMAS!! bigbadun'
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities