Business
LGX Oil + Gas Inc. Announces First Quarter 2013 Results
CALGARY, May 13, 2013 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is pleas...
About this update from Permex Petroleum Corp.
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, May 13, 2013 /CNW/ - LGX Oil + Gas Inc. (\"LGX\" or the\n \"Company\") (TSXV:OIL) is pleased to announce it has filed on SEDAR its\n unaudited financial statements and related Management's Discussion and\n Analysis (\"MD&A\") for the three months ended March 31, 2013.  Selected\n financial and operational information is outlined below and should be\n read in conjunction with LGX's unaudited financial statements and the\n related MD&A which are available for review at www.lgxoil.com or www.sedar.com.\n\n\nFINANCIAL + OPERATIONAL HIGHLIGHTS (1)\n\n\nFinancial + Operational Highlights below present the historic financial\n position, results of operations and cash flows of Legacy Oil + Gas\n Inc.'s Southern Alberta Assets (\"SA Assets\") for all prior periods up\n to and including July 5, 2012 and the results of operations from July\n 5, 2012 forward to include both the SA Assets and LGX Oil + Gas Inc.\n (referred to collectively with its subsidiaries as \"LGX\" or the\n \"Company\"), unless otherwise indicated.  For a comparison to prior\n periods of Bowood Energy Inc., refer to page 10 of the MD&A of LGX Oil\n + Gas Inc. for the first quarter of 2013.\n\n\n\n\n \n\n\n \n\n\nThree Months Ended March 31 \n\n\n \n\n\n \n\n\n\n\nUnaudited (Cdn $, except per share amounts)\n\n\n \n\n\n 2013\n\n\n \n\n\n 2012\n\n\n \n\n\n % change\n\n\n\n\nFinancial\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nPetroleum and natural gas sales, net of royalties\n\n\n \n\n\n 3,891,140\n\n\n \n\n\n 289,987\n\n\n \n\n\n 1,242\n\n\n\n\nFunds generated by operations (2)\n\n\n \n\n\n 1,115,649\n\n\n \n\n\n 168,616\n\n\n \n\n\n 562\n\n\n\n\n \n\n\nPer share basic \n\n\n \n\n\n0.01\n\n\n \n\n\n n/a\n\n\n \n\n\n n/a\n\n\n\n\n \n\n\nPer share diluted (3) \n\n\n \n\n\n0.01 \n\n\n \n\n\nn/a\n\n\n \n\n\n n/a\n\n\n\n\nNet income (loss) \n\n\n \n\n\n(1,153,625)\n\n\n \n\n\n 158,263\n\n\n \n\n\n (1,039)\n\n\n\n\n \n\n\nPer share basic \n\n\n \n\n\n(0.01)\n\n\n \n\n\n n/a\n\n\n \n\n\n n/a\n\n\n\n\n \n\n\nPer share diluted (3) \n\n\n \...