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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
Post by zagorskeon Jan 22, 2015 4:19pm
108 Views
Post# 23353113

Interesting

Interesting            I note from the August presentation that LGX has booked reserves of 370,000 BOE for each of the two wells drilled in 2013. I did not know what to think of the 10-15 well which was drilled and cased at the point of the horizontal axis. The fact that they have reserved 370,000 BOE for this well means it must have been very successful. As you will recall the 10-15 well was drilled at the opposite end of their property in relation to the 14-2 well. I hope that successful wells at both ends of the field means successful wells will be found over the entire field.                                               
                                                                                                                                                            
           That is my optimistic interpretation and on days like this we do need some optimism.            
                                                                                                         
            Any comments with regards to the 10-15 well?                                            
                                                                                                                                                  

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