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LGX Oil + Gas Inc ROAOF

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

Bullboard Posts
Comment by annoncpleon Dec 09, 2014 11:58pm
104 Views
Post# 23213467

RE:RE:RE:RE:RE:LGX investor Miller acquires 153,500 shares controls 10.14%

RE:RE:RE:RE:RE:LGX investor Miller acquires 153,500 shares controls 10.14%I cant see a bottom to this till tax loss selling is over or even till next month till well have had enough time to really show production with no really current prod data and no realtime numbers on debt theres no way to figure out if we are worth 20 mill plus debt or just 5 mill plus debt. there a re a couple guys I know have related the fact that nobody is a white knight these days when there are so many other lower risk lower debt opportunities out there. I think on 80 million shares at 8 cents 6 million should be a token take out value for anyone. but bankrupt if theres no help till late 2015 and needing cash for drilling just to hold the land that has cost just about 90 million for the bowood and lgx groups. I am all in on a restructuring if I know what the debt is and what the actuall production and drilling terms are with the blood reserve there could be more hiccups there too too little info maybe too little time, I felt this way when leg bailed us out last time at a value of 72 million 1.10 share.
Bullboard Posts