LGX Oil & Gas, Inc. (ROAOF)

[Pennybuster]

update on Bowood web site 22-Jan-12 11:18 am Not sure if many have seen this.

Below is off the front page of the Bowwod web site. Further in their latest presentation they indicaste that they have permitted 6 more horizontal wells on Blood reservation land. They are not flat saying it but indications look decent for their Alberta Bakken wells


•Bowood's First two Alberta Bakken horizontal wells have been drilled and are now on production.
•Bowood views the early technical data on our wells as positive first steps toward establishing a commercial development on our lands.
•Due to the confidential nature of the wells, industry results are coming out slower than we would like, however we remain committed to releasing our own well information as soon as possible to shareholders. Lengthy operations and flowback of large volumes of fracture fluids before meaningful production rates can be established mean that well results in this play will take longer than in conventional plays