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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 annoncpleon Dec 24, 2014 4:14pm
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Post# 23264413

RE:Not that complicated

RE:Not that complicated 2000 b/d good grief at the end of q3 we were less than 1000 total. are you the same guy that said we have a 30 mill plus 10 mill credit facility we have 30 mill total 10 of which is development. torc likes their results but the I r guys over there do admit they need 75 plus oil to have it make sense. they haven't book monarch reserves so they don't feel its an issue for them. we need to see at least 850 on the 2 well s total for end dec to be on trend. I feel at todays gas/oil prices that netbacks or maybe 10/boe at most.
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Dealroom for high-potential pre-IPO opportunities