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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 KeithR39on May 11, 2006 1:51pm
544 Views
Post# 10833395

RE: To Keith... pasted from the $art forum

RE: To Keith... pasted from the $art forumThanks GS and BigBad. Lots of good updated numbers to crunch again! Original post for OIL board viewers. It looks to be a significant update: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX from GreatSwami: The Brenda manifold pumping/airlift manifold system is designed to handle whatever water a well puts out, (as is already done in Western Canada), and so high water cuts are not a limiting factor - as long as the co-produced oil is still significant!! In case anyone does not understand this - this is a HUGE plus!! One that potentially leads to a much higher percentage recovery factor of the OOIP Keith: I used 27% in my old math model for Brenda recoverable figures. What would be this new recovery factor? Is 45% realistic? Thanks everyone for the updates $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Bullboard Posts