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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
Post by Box927on Jun 11, 2007 11:07am
732 Views
Post# 12922908

Testing

TestingPR on the start of testing was out on June 5th. The first test was to be completed between June 12th to June 15th. Results will be interesting. Regards "The discovery well 22/14b-5 was drilled to a total depth of 13,325 feet. Wire line evaluation of the Upper Jurassic Fulmar sand at 12,750 feet indicates the entire 130 feet of Fulmar sand is oil bearing. Wireline pressure and sampling across this interval have recovered 40A API crude oil. Drill stem testing is planned to be conducted through 101 feet of perforations. Testing operations are expected to be completed in seven to ten days time. After completion of the drill stem test of the Upper Jurassic Fulmar interval, preparations for drill stem testing of the Paleocene Forties interval will commence. This will also provide valuable data for pre-drill evaluations of two analogous Paleocene structures identified on Oilexco's 72.7% owned Block 22/13b located immediately west of the Block 22/14b block."
Bullboard Posts