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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 nlr2on Aug 12, 2014 1:00am
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Post# 22830914

RE:Q2

RE:Q2 The pace of development is glacial. The good news is that debt is down a bit, and they were able to do work at Manyberries despite the Sage Grouse order. The reports of the TORC Banff wells is quite positve. I wonder how much cheaper they are to drill than the Big Valley wells? Despite the slow pace of development the basic investment thesis holds, if they have success in the Big Valley in the back half of the year they should still be able to transform the company entering into 2015.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities