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.

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LGX Oil + Gas Inc

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Comment by Bigbadoilon Sep 09, 2005 11:52am

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Post# 9529619

RE: BigBadOil & JohhnyFocker

Thanks Dr Johnny ( and keith, retireonoil) for explaining it.. Hey Johnny look at the depth map included in the core report. Pretty indudated edge to the pools. Also different oil/water contacts between Brenda E and west. East of B3 large thin area (crevasse splay deposit) 20', oil pay in that well. Conclusion Net pay map very irregular and therefore area is very irregular. Drawing a blob around the wells is not very realistic. From that map I have drawn 2 pools Area is approx 1420 acres for Brenda E and West. I make 90 mmstb OIP, 1/2 of that (recoverable)= 45mmstb. Thats the best we can do for now.... Add Nicol (10mmmstb?). I must add that one of the Maculloch producing wells ( horizontal) has produced 10mmstb!!! If everything is similiar in terms of rock properties, we should get that ultimate number from the Brenda wells. Bigbadun'

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