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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 bcjton Mar 20, 2004 10:32pm
545 Views
Post# 7241242

RE: Calculations..On cash flow & Reserves

RE: Calculations..On cash flow & Reserves The $40 is canadian not usa , i think oil is arround $50 canadian today for lower api oil,so i think they would get more than $50 boe. There is no royalty payments on UK oil only income tax. I also used a multiple of 1,We could use your multi of 10 to 20. Tie in is close to this fieldso cost to market should not be very high,although i am not shure of that cost. What i do know is when we get back onto the iraq fields that cost in iraq from that location is $1.96 bb usa to port. I am not a oil & gas guy but have been in this one since 1996.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities