Building a Sustainable Exploration Company February 2015
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 7.1 million Insiders Own Basic & Fully Diluted 20% & 26% LEG Share Ownership (included above) 18% Enterprise Value (share price…
Cash Flow + Development Inventory+ Exploration Upside Stable, concentrated production base in southern Alberta Strategic light oil asset in Manyberries, AB provides cash flow, exploitation and development drilling inventory Completed…
Southern Alberta Big Valley/Banff BANFF WELL BANFF DISCOVERY WELL IP90: 324 BOPD IP90: 305 BOPD SOUTHERN CURR: 270 BOPD R23W4M CURR: 65 BOPD ALBERTA E Banff/Exshaw/Big Valley oil system - tight oil CUM: 36 MBBL IP90: 240 BOPD CUM:…
Big Valley and Banff Hz Well Performance 7
Manyberries, AB Upside Opportunities Identified: 46 (40.0 net) vertical and horizontal development drilling locations targeting banked oil in existing pools Numerous well reactivations and water injection conversions Offsetting…
Manyberries, AB Potential Horizontal Drilling Target in Swift Formation 9
Right Team + Right Assets Experienced management team with a proven record of aggressively growing oil and natural gas companies on a cost-effective per share basis Strategically focused on predominantly light oil opportunities in…
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