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LGX Oil & Gas (V.OIL) revises 2014 exit production to 1,500 Boe per day and secures new $30 mil banking facility
Using normalized valuation metrics of $80,000 per flowing BOE and year end exit production of 1500 BOE/d shows us that this stock is a...
Explanation please ? LGX Oil and gas prices now are as they were in Q2 - 2013. Netback was about 30 $ that quarter.
At the current netback and oil price these guys are making 8 dollars a barrel...
I'm curious to see if they spud one of the two additional wells that they have licensed after they finish this one. Probably not to...