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LGX Oil + Gas Inc. announces its financial and operational results for the three and nine months ended September 30, 2012
CALGARY, Nov. 8, 2012 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") announces its fin...
About this update from Permex Petroleum Corp.
[{"type":"text","content":"\n\n\n\n\n\nCALGARY, Nov. 8, 2012 /CNW/ - LGX Oil + Gas Inc. (\"LGX\" or the\n \"Company\") announces its financial and operational results for the\n three and nine months ended September 30, 2012.\n\n\nThe Company will file its unaudited Financial Statements and related\n Management Discussion and Analysis (\"MD & A\") for the three and nine\n months ended September 30, 2012 with the Canadian securities regulatory\n authorities on SEDAR.  An electronic copy of these materials will be\n available under LGX's issuer profile on SEDAR at www.sedar.com and on the Company's website at www.lgxoil.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 comparisons to prior\n periods of Bowood Energy Inc., refer to page 12 of the MD&A of LGX Oil\n + Gas Inc. for the third quarter of 2012.\n\n\n\n\n\n \n\n\nThree Months Ended\n\n\n \n\n\n \n\n\nNine Months Ended\n\n\n \n\n\n \n\n\n \n\n\nSeptember 30\n\n\n \n\n\n \n\n\nSeptember 30\n\n\n \n\n\n \n\n\nUnaudited (Cdn $, except per share amounts)\n\n\n2012\n\n\n2011\n\n\n \n\n\n% change\n\n\n2012\n\n\n2011\n\n\n \n\n\n% change\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\n\n \n\n\nPetroleum and natural gas sales, net of royalties\n\n\n 864,621\n\n\n -\n\n\n \n\n\n n/a\n\n\n 1,270,804\n\n\n -\n\n\n \n\n\n n/a\n\n\nFunds generated by (used in) operations (2)\n\n (345,347)\n\n\n (15,028)\n\n\n \n\n\n (2,198)\n\n\n (138,445)\n\n\n (52,595)\n\n\n \n\n\n (163)\n\n\n \n\n\nPer share basic \n\n\n(0.01)\n\n\n n/a\n\n\n \n\n\n n/a\n\n\n (0.02)\n\n\n n/a\n\n\n \n\n\n n/a\n\n\n \n\n\nPer share diluted (3) \n\n\n(0.01)\n\n\n n/a\n\n\n \n\n\nn/a\n\n\n (0....