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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
Bullboard Posts
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Comment by molikaion Dec 31, 2008 6:43am
418 Views
Post# 15673566

RE: This doesn't make sense at this time...

RE: This doesn't make sense at this time...They're burn rate is higher than the loan as stated in the earlier reports. They were just hoping a buyer would step forward before the ran out of operating capital. It was a crapshoot and some of us got burnt. If it wasn't play money no person in their right mind would have been buying this at this time.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities