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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Post by discernon Jan 07, 2009 11:38pm

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Post# 15690234

Deal?

So what are the chances that there was a deal on the table, but Art and did not accept it because:

#1 They did not want RBS to dilute the proceeds or get any further cut.

#2 They knew that through adminstration that contracts could be terminated or renegotiated for a more attractive return.

So basically, things will move quickly, they are using the same financial team, because not only is a deal on the table, but a deal has been agreed to in principle based on the results of this administration process.

Could there be an announcement as early as this week?

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