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

Bullboard Posts

Comment by marexxxon Sep 16, 2009 5:01pm

478 Views

Post# 16312200

RE: Liquidation plan approved - going forward?

Now we may finally get some information why OIL did not close the door early but goes thru this bankruptcy process to stay alive.

Company survived!! this will most likely mean share consolidation, not automatic but most likely, I'm guessing 1 for 10, name change and ??? probably new financing, new drilling program, new properties, maybe contract work on development Premier's North Sea properties owned by Oilexco not to long ago ....stay tuned.

Looks interesting for the first time in a Year, at least we still have hope to get some of our money back.

Bullboard Posts

Stockhouse DealRoom opens new Australian opportunities