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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 Piranha7on Apr 30, 2004 10:21am
204 Views
Post# 7424980

Let me draw ure attention

Let me draw ure attentionto this part of the NR concerning brenda2 "The 15/25b-8 well was tested over 23 hours on multiple choke settings. The maximum flow rate achieved during the test was 4,785 bbl/d. The oil flow was through a 56/64'choke at 408 psi flowing wellhead pressure, from 39 feet of perforations at the top of a 69 foot pay section. This rate was limited by the testing equipment available. No water or sand was produced during the test period." take note of the sentence: "This rate was limited by the testing equipment available." it can produce more than 4785 bbl/d under well pressure......brenda2 is the deal... i just called OIL, the secretary was breathless cause she just got to the office....and hasn't even read the NR yet.....so left a message on brian's voice mail.....although i doubt he'll call. cheers.
Bullboard Posts