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 Mar 07, 2014 12:27pm

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Post# 22295046

RE:Something is up

At the last drill report they said it would take them a couple of months to fully assess the results from the two drills so I think any delay is as a result of them doing a thorough job of analyzing the results from the 2 wells.

I think it will be a good report. An IP rate of 3200 boe/d is very high and much higher than any that I have seen reported by Torq or Dee3. I think their IP90 rate will be very good and maybe some people have gotten a sniff of just how good the drills were.

Anyway I see Haywood has now come in bidding 60 cents taking priority to CIBC at 58.

Hopefully we can get the price up to level that is more reasonable if not euphoric.

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