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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 Nov 01, 2004 5:34pm
459 Views
Post# 8119626

RE: this is what happens

RE: this is what happensThis is what happens when you drill exploration wells and have non-economic results. It is pretty simple. Those of you speculating that results were known by certain people prior to today are absolute idiots. This is one of the most scrutinized stocks on the board. If drilling in the N. Sea was easy everyone would be there. What is more important at the moment is the value in the stock. We won't get a new reserve report for a while but there will be other reports coming out speculating as to how much oil is in Brenda East and West and that is what will determine future values.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities