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LGX Oil + Gas Inc ROAOF

Energy Oil & Gas Integrated
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 zagorskeon Nov 19, 2014 4:45pm
151 Views
Post# 23145467

RE:Relax everyone just another 10% haircut

RE:Relax everyone just another 10% haircut          Where will they get the money to drill from?                                                                                                     
          1. With good well results they will cash flow $1.5M per quarter even at current prices.                                                                  
          2. Good well results will boost their reserves and hence their credit line.                                                              
          3. LEGACY owns a large amount of OIL and they know the value of the company and its lands. The debt and cash requirements are pretty small potatoes given the value of the company so I am sure they will see to it that OIL does not miss any of its obligations.                         
                                                                                       

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