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 nlr2on Mar 19, 2013 10:21pm

209 Views

Post# 21153735

RE: RE: 2013 Guidance

7.2 million dollar budget to add 300 boe/d is pretty impressive. 24,000 per flowing barrel I believe. Plus not even all that money is for actual drilling and recompletions. Kanai Energy spud a well recently just to the west of the Kipp well and Torc has started to release information as per their results to the north of us. So by the fall hopefully the proper methods are a bit better understood and we can use the 3D and super expensive science projects that Bowood drilled to our advantage.

Wouln't be shocked to see another small acquisiton if possible, get us over that 1000 BOE/D mark. Then explore within cashflow until we hopefull have some success. Just make sure we copy whatever TORC is doing. Haha.

Bullboard Posts

FE Battery Metals begins 2024 winter drill program