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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 coffinraideron Dec 25, 2008 1:56pm
297 Views
Post# 15667116

RE: A little advice

RE: A little advice

good40 - Just another A-hole making intentionally misleading assumptions, spewing wrong information and contradiction from one sentence to the next.  A complete A-hole. Put this dipwad basher on ignore.


This is what the dipwad good40 had to say-all nonsense.

"This company is going bankrupt.  Banks will recover their money.
Shareholders get nothing.

Their 2P reserves are 63 million barrels,  each one with a value of about $9.
That's only $567 million.

They owe $700 million.

They have obligations of $1.7 billion.

Brent is currently $34/bbl which provides for less than $20 netbacks".

It's done.  Take your money and run.
Bullboard Posts