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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 hyonenergyon Aug 26, 2008 9:02pm
549 Views
Post# 15411792

RE: OIL

RE: OILDon't get me wrong I love Oilexco too.

This will answer some of your questions.. see there website for more

For the three ended June 30, 2008

Operations - Production
Crude oil and NGL (Bbls per day) 15,228
Natural gas (Mcf per day) 30,621
Barrels of oil equivalent (Boepd, 6:1) 20,332

Average realized price
Crude oil and NGL ($ per Bbl) 112.20
Natural gas ($ per Mcf) 9.91
Barrels of oil equivalent ($ per Boe, 6:1) 98.97
Netback per Boe (6:1) ($)

Wells drilled
Gross 34
Net 24.2
Success (%) 97

Operating netback (2) $56.24
Operating netback (prior to hedging) (2) $67.73
Cash flow netback (2) $52.35
Cash flow netback (prior to hedging) (2) $63.83
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities