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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 Jul 17, 2004 1:26am
348 Views
Post# 7718524

News release

News releaseHaven't bothered to read all the drivel on the board to see if this has been discussed but considering the last few posts it would appear not to have been brought up. The news release, to me, does not indicate a new financing so I am not sure why the stock would necessarily drop to the $2.00 range. It is my understanding that the prospectus may have been receipted leaving the institutions with seven days to exercise the $2.38 warrants. Also, with a well at the point of TD, coring and logging this stock is going to respond to that information, good or bad, and not any of the technical garbage you guys are tossing around. TA is not too relevant at this point.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities