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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 Bigbadoilon Sep 11, 2005 10:43am
283 Views
Post# 9536625

RE: OIL'S new block

RE: OIL'S new blockProduction timing for Brenda's startup has nothing to do with the drilling of the wells. The Oil industry is booming!!! You have to order subsea trees, pumps, pipe etc...They do not appear overnight... That is what dictates the 3rd qtr start-up. Art had to sign -up the rig to make sure he could drill the horizontal production wells. Starting them in early 2006 will ensure they are done for mid-year. Having the rig has opened up a whole bunch of opportunities, so if he drills another well at the end of 2005, so be it. It wont affect the production timing of Brenda at all, as that is dictated by the constraints listed above. Bigbadun'
Bullboard Posts