Lux Energy Corp Purchases Working Interest in Bigoray Project
2009年8月19日 - 5:00AM
PRニュース・ワイアー (英語)
LUXE: OTC-BB CALGARY, Aug. 18 /PRNewswire-FirstCall/ -- Lux Energy
Corp. (the "Company") is pleased to announce that it has finalized
the purchase of a working interest in two gas wells in the Bigoray
area of West Central Alberta. On July 15th, 2009, Lux Energy
announced that they were in final negotiations for this project,
which was expected to produce about 570,000 cubic feet per day or
approximately 100 barrels of oil equivalent per day. The operator
based this estimate on the fact that the first well went on line at
400,000 cubic feet per day and the B well would produce
approximately 200,000 cubic feet day. The B well tested initially
at 500,000 thousand cubic feet of gas which was double of which we
expected. Shane Broesky, President of Lux Energy, stated, "This
news on the B well test could possibly double the expected
production on this 2 well project. We are also in discussions to
participate in the Operator's entire portfolio of properties in
Alberta, Canada. The Operator owns 11.5 kms (approx. 8 miles) of
their own pipeline and other oil and gas infrastructure which will
speed up future tie-ins of several other prospective wells. Another
specific property we are looking at next is in Northern British
Columbia and is producing over 300 barrels of oil per day." A copy
of the filed information can be found for viewing by electronic
means by viewing the Company's filings on http://www.sec.gov/. Lux
Energy Corporation Lux Energy is an oil and gas production and
exploration company focusing on developing oil and gas resources in
North America. Forward-Looking Statements Except for the historical
information contained herein, the matters discussed in this press
release are forward-looking statements. Actual results may differ
materially from those described in forward-looking statements and
are subject to risks and uncertainties. See Lux Energy's filings
with the Securities and Exchange Commission which identify specific
factors that may cause actual results or events to differ
materially from those described in the forward-looking statements.
DATASOURCE: LUX Energy Corporation CONTACT: please visit
http://www.luxenergycorp.com/ or contact Shane Broesky at:
Corporate Office: Suite 1950 - 777 8th Ave S.W., Calgary, Alberta,
T2P 3R5, Canada; Investor Relations Manager: TF: (866) 581-3484,
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