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.

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LGX Oil + Gas Inc

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Comment by Piranha7on Mar 25, 2004 1:44am

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Post# 7262823

RE: on this post bout financing

definitly they will need money to drill, not the june wells but even the april well....haven't u read the article in the Herald (the british one not ours" "The tiny energy company Oilexco, which is based in Calgary, Canada, and employs just 10 staff worldwide, has spent £12m so far on exploration in the Brenda field and will invest a further £30m before the end of the year. Some of the finance is expected to be raised by a shares issue". so 12M pounds approx. $29M (CDN) ...and the new financing is 30M pounds approx. $73M (CDN) ... some of it by share issuing.....but i don't know about the rest....since one guy replied to one of my posts as saying banks will not give loans for such a find unless the reserves are confired by an independent engineering company....and since they need the money to drill that well in april to confirm their reserves....guess what???? financing is on the way.....diluting ur shares and my shares and everybody's shares

and after that they'll go after british bank's money ....and thats whay all the promo Art is doing is in europe and not in a single canadian paper.