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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 Kel2on Jun 18, 2004 10:28am
338 Views
Post# 7625636

RE: bad news from meeting....

RE: bad news from meeting....No they are not. That is the point. CDN listed companies must follow the rules of the CDN exchanges and 51-101 is it. This stock is well held overseas and if/when 15/25/B10 comes in successfully more stock will be purchased institutionally. As Art said at the meeting, it is CDN shareholders who are questioning the play, not the overseas shareholders. Recovery rates, at this point, are irrelevant. It is still a drilling play. If B10 comes in life is wonderful - if it doesn't we will have a very limited upside for the moment.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities