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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
Comment by OILANDGASon Oct 03, 2004 4:58pm
399 Views
Post# 7999855

RE: Question for anyone

RE: Question for anyoneUh if Art is not going to take the field to production then why did he buy or acquire Pentex (platform). He could have let that go to someone else like CNQ why did he buy it. It allows OIL or a potential buyer to produce the Brenda oil to the Balmoral platform. It was a strategic piece of business whether OIL takes the Brenda field or someone else does. This makes the Brenda pools very attractive to potential buyers because they have an outlet to get the oil on stream in a timely manner. PS. The rumour that OIL is going to the big board is true but I have no proof in writing. It will happen eventually ( remember how long it took the prospectus to be finally be approved by the TSX). The TSX and Art do have a little bit of history which does come into play.
Bullboard Posts