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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 zagorskon Dec 19, 2013 8:59pm
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Post# 22024986

RE:RE:RE:Retracement?

RE:RE:RE:Retracement?                 Save the capital?  It has already been spent drilling two wells commencing in October and drilling through November. The 13-2 well was a gusher and we are waiting for the results of the 10-15 well which the Q3 report mentioned as drilling horizontally at that time.                                                                                                                                                               
                 These two wells are at opposite ends of LGX land on which they did 3D seismic last year. They classified both of these wells as high potential wells. They have likely finished the 10-15 well by now and are carefully monitoring the results.         
                                                         

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Dealroom for high-potential pre-IPO opportunities