Lux Energy Corp Announces Major Property Negotiations
2009年11月19日 - 6:01AM
PRニュース・ワイアー (英語)
CALGARY, Nov. 18 /PRNewswire-FirstCall/ -- Lux Energy Corp. (OTC
BB: LUXE), an oil and gas production and exploration company, today
reported that it has signed a Letter of Intent with Dejour Alberta
Energy Ltd. "DEAL", a subsidiary of Dejour Enterprises (TSX, NYSE:
DEJ), for a 1.5% working interest in DEAL's producing Woodrush and
Drake properties in Northern British Columbia. Woodrush and Drake
are key producing properties in northern British Columbia, 60 miles
due north of Ft. St John. The properties comprise five separate
leases totaling 4,000 acres, on which three separate reservoirs are
produced through six wells. In addition to the wells, DEAL owns and
operates the production gathering system and a state-of-the-art
sour oil and gas production facility sized to handle more than 1000
BOPD and 3 MMCFD. Shane Broesky President and CEO of Lux Energy
commented, "We are very pleased to enter into a working partnership
on such a promising project as Woodrush and Drake, with successful
operators like Dejour. Management believes that this acquisition
will increase the Company's value and strengthen future revenues.
This is another step in Lux's ongoing strategy of building a robust
Company through the acquisition of profitable, producing oil and
gas properties." Investment in the production facility at start up
was in excess of CAD$ 6.5 MM and it is sized to handle the full
development of the gas and oil pools located under the umbrella of
DEAL properties. Operation of the production facility at Woodrush
began in January of 2008 and is currently yielding restricted flows
of net 400 BOE/d. Independent evaluators have pegged the project's
oil and gas reserves at 2.5MBOE. The Woodrush/Drake project could
accommodate up to 14 potential wells. A new oil well will be
spudded early in December, 2009, slated for production by January,
2010 and a state of the art 3D seismic program is currently being
conducted by Dejour prior to the drilling of at least 2 additional
wells in March 2010, targeting April 2010 production close to
1000BOE/d. At least 3 future gas and 3 oil wells are planned for
the 2010-11-12 drilling season. Dejour is targeting at least $20MM
in net revenues from this project in 2010. NPV-10 values are
expected to double to $40MM by the end of the current drill season.
Lux Energy Corp. is an oil and gas production and exploration
company focusing on developing oil and gas resources in North
America. Further information and news releases are available at
http://www.luxenergycorp.com/. 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: Charles (Chuck) Tait,
Lux Energy Corp., Phone: (604) 514-6559, Email:
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