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LGX Oil + Gas Inc ROAOF

Energy Oil & Gas Integrated
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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(46)
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Comment by Barrheadon Jan 05, 2009 12:56pm
556 Views
Post# 15682692

RE: RE: RE: This is far from over folks

RE: RE: RE: This is far from over folksFrom Panda123 posting...If this fails, the administrator will sell the company's assets to make at least a partial payment to creditors.

IMO the shareholders get nothing and the shares could be consolidated or even eliminated, and this could be one of the worst days for OIL. Why would the shares hold any value whatsoever, as they are an unsecured 'creditor' ?lthough do enjoy other perks but pay for it when this is switched over to Administration.

Any comments?

Regardzzz...........................Barrhead



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