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.

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LGX Oil + Gas Inc

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Comment by Kel2on Nov 02, 2004 5:09pm

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Post# 8124475

RE: Did 15/25e-11Y Really Fail and Why?

You will not find an analyst anywhere who will give more than about 15% COS to exploration wells. The internal number that a company may have on COS is can be quite different than what an analyst will provide. Considering that the E-lly was non-economic I would say that moving farther to the NW holds considerable risk. Do I ever expect OIL to drill there?.....no, I don't. They are still a takeover candidate, although at a lesser value than originally hoped by everyone. Bring in the next well and then hopefully OIL gets taken out.

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