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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 butthenagainon Nov 14, 2007 9:21pm
645 Views
Post# 13809843

RE: Oddjob and Constance and ... development?

RE: Oddjob and Constance and ... development?JF,I once owned a gold play in Peru. Hit it big, but was bought out before they could prove up reserves. In the future, many drills were put to work in the spring, all at once, to try to solve this problem. What I am getting at here, has any thought been given as to why Art is drilling Shelly, Huntington, and Huntington west so thoroughly, so quick, even at the risk of slower development. Just maybe he might be trying to do as the gold company I described now does. Prove up reserves, if someone is on your butt. What good is increasing production a bit, and release results on one of these plays, and leaving the other two or more for pennies on the dollar. That's what Goody would have us do. Sort of"your only worth what you produce". I think Art is doing the right thing by drilling with everything he's got until the bigger projects are looked at. No pipelines needed @ Shelly, and the others can wait. I could be wrong, but I feel Art's priorities are correct at this time. butthenagain
Bullboard Posts