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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 Jun 10, 2005 7:15pm
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Post# 9146641

RE: New wells

RE: New wellsI think 120-180 mmbbl recoverable is a little over the top. Thats the problem everybody thought somewhere up there! Well the stingy Scottish Engineers gave us 21mmstb! Lots of unknowns on what they based it on..they didnt like Strat traps or something. Splat!! down goes the stock!! To cut to the chase this board thinks we have a shade under 40mmstb. And that doesnt include reserves from the 2 new wells. If you had followed the board over the last while and read the goodguy posters, you would have been up to speed. Some people think we have 60mmstb+ and some people think we have 0! (Gold)! hey Gold they got a little bit of 'BROWN OIL' from the last well so at least we have that!! The truth is out there baby! Thats very quick and dirty. Go talk to Art he will fill you in! Bigbadun'
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities