Building a Sustainable Exploration Company January 2014
LGX Management Objectives Create a company with sustainable cash flow to internally fund an aggressive exploration and development program, targeting light oil in southern Alberta Cost-effective per share growth in reserves,…
Corporate Profile TSXV Trading Symbol OIL Common Shares 88.7 million Warrants 6.0 million Options 3.5 million Insiders Own Basic & Fully Diluted 20% & 22% LEG Share Ownership (incl. above) 18% Enterprise Value (as of Nov. 30,…
Cash Flow + Development Inventory+ Exploration Upside Stable, concentrated production base in southern Alberta First nine months of 2013 average production 875 Boe per day (67% light oil); Completed a 95 square mile 3D seismic…
Third Quarter 2013 Results Production of 847 Boe/d for Q3 and 875 Boe/d for 2013 year to date (up 103% and 454% year over year) Funds generated from operations of 0.6 million up from a net outflow of funds from operations in Q3 2012…
Net Asset Value Per Share LGX NAV per Basic Common Share using the Proved plus Probable reserve value at December 31, 2012 and forecast pricing and costs (MM except share and per share amounts) Proved Plus Probable Reserve Value…
Southern Alberta Bakken G G G G Alberta Basin Bakken Play R29 G G G F G I G R25W4M G I LGXG G G J K CK L G Lands GK JGG G G G G CF EEE KG GFGJ K F K G GGE CJ F C F D 1 0 G JF S M I L E S S G F G…
Manyberries, AB Upside Opportunities Identified 46 (40.0 net) vertical development drilling locations targeting banked oil in existing pools Numerous well reactivations and water injection conversions Offsetting Swift Potential for…
Manyberries, AB Type Log 10
Manyberries, AB Potential Horizontal Drilling Target in Swift Formation 11
Manyberries, AB Stable, Long Life Production 12
Right Team + Right Assets + Right Time Experienced management team with a proven record of aggressively growing oil and natural gas companies on a cost-effective per share basis Current economic conditions provide an excellent…
Independent Reserve Engineers Contact Information GLJ Petroleum Consultants Ltd. Bank 4400, 525 8th Avenue SW National Bank of Canada Eighth Avenue Place Canadian Western Bank Calgary, Alberta T2P 1G1 Tel: 403.441.2300 Auditors Fax:…