Lgx Oil & Gas fka OIL

[Echelon]

Laurel Valley prospect to be drilled by several jr Canadian Firms, expect to spud next 2 weeks. Considered to be the top wildcat prospect in 2007.

"Buzzard look-a-like" located in the Outer Moray Firth with up to 600mmbbls ofrecoverable resource potential (in-house estimate)

Check out this video!!

http://www.webfilms.ca/gulf14.htm

ifr.to
gul.to
oil.to operator
EERG


http://www.internationalfrontier.com/s/Northsea-UKCS.asp?ReportID=164919


The Moray Firth is an east-west trending graben that extends from Scotland to the confluence of the Viking and Central Grabens of the North Sea.
The license covers an area of 250 sq kms, water depths average 400 feet.

The Laurel Valley prospect is defined by a proprietary 420 sq. km. long offset 3-D seismic program. Seismic interpretation has identified a large
stratigraphic trap, with three prospective reservoir targets: the Cretaceous Kopervik sands, the deeper Jurassic Birch, and Piper sands, that
combined, have the prospective resources of more than 370 million recoverable barrels (P50 un-risked).

All three reservoirs are sourced by the Kimmeridge Clay that was buried deep enough in the Renee Trough to be within the oil generation window.

The geologic model proposes short range migration (4km.) from the "oil kitchen" in the Renee Trough to the west where the sands pinch out up dip against the Halibut Horst. The reservoirs are then overlain by the Comer Knoll shales which provide an impermeable seal.

The Laurel Valley prospect has a direct analogue to the Scapa Field to the north and lies just to the north of Shell's recently developed Goldeneye Field. Numerous export options are available for any discovered oil.

Oilexco North Sea Limited has been appointed operator of Licenses P.1089 & P.1295. The Laurel Valley #1 well is scheduled to commence drilling in Q1, 2007.