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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 tanoon Jan 09, 2009 7:21am
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Post# 15693235

ONSL's Huntington stake 60M barrels??

ONSL's Huntington stake 60M barrels??According to the article just posted by infoejoe, Huntington would contain 150M barrels, not 500M. ONSL's interest  would therefore be 60M barrels, not 200M.

Maybe this helps to explain why the RBC Capital Markets analyst in his report stated that considerable uncertainty continues to surround the value of the Huntington discovery.  But even the 60M barrels number does not seem to  make sense in light of the analyst's valuation of ONSL's total assets.
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