Feb 1 (Reuters) - LGX Oil + Gas Inc OIL.V :
* Announces initiation of strategic review process
* Says LGX has engaged sayer energy advisors to advise the company in
connection with comprehensive review
* Alternatives may include sale of all or a material portion of the LGX assets,
the outright sale of the company
* Alternatives may include merger or other transaction involving a third party,
and/or alternative financing initiatives
* Source text for Eikon
* Further company coverage OIL.V