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LGX Oil + Gas Inc ROAOF

Energy Oil & Gas Integrated
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 diracon Jun 04, 2006 5:40am
237 Views
Post# 10943086

RE: Nasty world out there.

RE: Nasty world out there.JIM,according to Haywood the reserve-live index of OIL is 2.5 years . How can you apply a 5 to 10 times cashflow if the reserves last only 2.5 years? It all depends on finding further reserves (like for all oil explorers) Long OIL but 5 times cashflow is to much for me.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities