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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 Mar 18, 2014 9:45pm
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Post# 22338831

RE:Reserve Report

RE:Reserve Report             Yes, it is a very good well plus they also got 2 proven locations and two probable locations nearby.  They also seem to be quite satisfied with the 10-15 well and its oil shows.             
                                                                                              
             I do not think they will have any trouble getting the money to drill more wells. The reserve report alone should provide them with an adequate bank line not to mention the improved cash flow.                                                                                                                                                            
                                                                                              
            The SARA order is unsettling, mostly because its impact is unclear. However, LGX is not the only company facing this order. I doubt they would shut down drilling due to the sage grouse. I never heard of any fuss over wild life when they were and still are mining the oil sands up north. 
                                                                                                              

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