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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 KeithR39on Jan 02, 2007 9:57pm
595 Views
Post# 11946081

RE: Shelley Valuation Calculation

RE: Shelley Valuation Calculation Veselino, Congrats on the quick and great "back of cigaret pack" calcs! And thanks GS for adding thoughts. Pay attention on the reservoir thickness: "The last well bore of the cluster 22/2b-13t, an extended reach well drilled near the margin of the structure, was tested through 42 feet of perforations representing 18 true vertical feet of perforated reservoir from the top of 34 vertical feet of oil pay." The "belly" is thicker for sure, putting your estimate probably on the low end...
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Dealroom for high-potential pre-IPO opportunities