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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 dstooron May 13, 2014 8:32pm
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Post# 22558068

RE:RE:RE:RE:RE:Well here it is

RE:RE:RE:RE:RE:Well here it isMRL: I think MRL is placed by the AER (Alberta Energy Regulator) and it is to conserve energy in the reservoir. The companies have to fill out an application about if there might be additional uses for that energy or it can be used as is. Once the gas is out, the oil becomes more viscous, harder to get it to surface and you need additional energy, such as waterflood or some other injection to get it out. So AER places a restriction at what rate the well can produce.

I looked at the 14-2 well data, and it looks really good. Although the decline rates are high, it is not abnormal for tight reservoirs to see a decline of roughly 70% in the first year.

Dstoor
just a student
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities