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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 coffinraideron Dec 22, 2008 12:54pm
503 Views
Post# 15661888

RE: How could there be a buyout?

RE: How could there be a buyout?
Oilexco has a reserve life of 9.5 years not including Huntington field..

Total reserves are 41.3 million barrels outside of Huntington field.

With Huntington field another 200 million barrels with a 40% earn in.

The upcoming years projected net profit  to pat down debt is expected to be in the range of from $250 to $400 million US net .

This will only increase with Huntington field coming online in late 2009 to early 2010

Don't let the liars club here deceive you.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities