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Microcap Report: LGX Oil + Gas (V.OIL) active on production guidance news

Stockhouse Editorial
0 Comments| August 22, 2014


LGX Oil & Gas (TSX: V.OIL, Stock Forum) jumped 7.2% to 52 cents Friday. The company advanced its efforts at its Bakken oil play in Southern Alberta, saying it had spudded the first horizontal well in its 2014 drilling development campaign and as a result has revised its 2014 exit production guidance to 1,500 Boe per day from the previous 1,400 Boe per day.

 

According to the news release, the first well (“15-25”) in the budgeted two-well horizontal drilling program followed the company's highly successful 14-2 well drilled in late 2013 and had targeted the Big Valley Formation with first production expected in Q4 2014.

 

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Cadillac Ventures Inc. (V.CDC, Stock Forum) 200.00%
Redstar Gold Corp. (V.RGC, Stock Forum) 20.00%
Critical Elements Corporation (V.CRE, Stock Forum) 11.76%
ProMetic Life Sciences Inc. (T.PLI, Stock Forum) 8.82%
Teranga Gold Corporation (T.TGZ, Stock Forum) 8.33%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Marquee Energy Ltd. (V.MQL, Stock Forum) -5.65%
Tekmira Pharmaceuticals Corporation (T.TKM, Stock Forum) -3.62%
Concordia Healthcare Corp. (T.CXR, Stock Forum) -2.53%
Twin Butte Energy Ltd. (T.TBE, Stock Forum) -2.09%
Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (T.HNU, Stock Forum) -1.49%


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