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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Comment by tanoon Jan 14, 2009 11:06am

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Post# 15703503

RE: RE: RE: RE: RE: Shelley to be hooked up

Jesscjames1,

You stated: "well, actually that's not true. in admin, when you renegotiate your contract, you can become a secured creditor, which pretty much guarantees you get paid, particularly in a case like ONSL where the assets are known, real, and substantial... "

If the assets are as substantial as you claim, why would a contractor agree to a downward revision of it's contract? The contractor would pretty much be guaranteed of getting paid, whether or not it's debt is secured, if the assets were liquidated.

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