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.

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LGX Oil + Gas Inc

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Comment by oilkidon Oct 09, 2008 6:07pm

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Post# 15517619

RE: Target prices

Very true. When the bailout money starts coming, banks will only invest in winners. OIL is a winner, they are a producing company soon to be 40,000 bd, lots of proven reserve in the ground. They may not see the big numbers for line of credit to start, but in due time they will get the money.

Until this happens expect this company to see a few downs days. I can see the price going to or close to $ 3, but in the long run and when the dust settles we will see positive gains and maybe even new highs in 2009.

Cheers

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