talkin with LXEit seems to me to be a decent buy. Lxe has a nice property to put cpital into. AAV has that kind of $100M they can put into a 30K boped that is high oil content.
In fact the porperties sure look close.. Glacier property of AAV runs from AL east, where GXE lands stradle both borders, The Glacier plant has enuf capacity left for nearly 100Mmcfd, seeems enuf for the deveopment LXE has in mind on ther Alberta side.
LXE trades at about 150Million shares @1.50, and a bit of cash, like $30 million. nice clean company
makes sense to me so maybe they are not talkin, I cannot claim I KNOW this ... just thing I know it is coming.. it has to it just fixes a problem at eatch company, as AAV wants oil play more.. it has said such.. That is where their current cash flow can go into Hi netback oil.
speakin of hi netback oil, look at that graph (LXE corp pres)of the projected production profile). solid oil play. pay back in maybe 6 months (tracking more like 4 months) 200% IRR. short payout. a winner.
oh the total gas resource they claim at 17 tcf gas... a lot of gas, long term this will be a gas play but the oil play at Mica is the first play on the lands, with such a vast acerage, there will be gas a plenty, this we know, how much oil is there? dunno yet. 17 tcf attracts those hopin for the LNG plant to be online needing gas..Many, like me, were big proponets of lng and natgas as a fuel with carbon capture to eliminate the CO2
adds not only oil play but gas play on hope of selling to lng Canada..