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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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Post by yikes1on Jan 20, 2009 7:43am
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Post# 15715268

buyout and debt...

buyout and debt...If E&Y sell this thing as a whole company, as speculated, does the buyer not take on the debt?  Is this different once in admin.?    Or is it more like a house mortgage where I pay you a certain amount, and you pay off your own mortgage and I get a new one?  I've always heard that NT will not get bought because they have too much debt, so would that not factor into the sale of OILEXCO as a whole company?
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities