Business
LGX Oil + Gas Inc. Announces its Financial and Operational Results for the Three and Six Months Ended June 30, 2012.
/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS./ ...
About this update from Permex Petroleum Corp.
[{"type":"text","content":"\n\n\n\n\n\n/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO\n U.S. PERSONS./\n\n\nCALGARY, Aug. 28, 2012 /CNW/ - LGX Oil + Gas Inc. (\"LGX\" or the\n \"Company\") announces its financial and operational results for the\n three and six months ended June 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 six\n months ended June 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\n the Company's website at www.lgxoil.com.\n\n\nAbout LGX Oil + Gas Inc.\n\n\nWith operations based in Calgary, Alberta, LGX Oil + Gas Inc. is a TSX-V\n Tier 2 corporation. Through its wholly owned subsidiary, Bowood Energy\n Ltd., the Company is engaged in the acquisition, exploration,\n development, and production of oil and natural gas resources.  Current\n projects are in the Province of Alberta.\n\n\nAs of August 28, 2012 the Company has 30,278,660 common shares\n outstanding and has a net debt of approximately zero.\n\n\nThe per share and common share numbers in the table below takes into\n effect the share consolidation of 20 to 1 that took place on August 20,\n 2012 (see Events after the Reporting Period below).\n\n\nFinancial and Operating Highlights\n\n\nCertain selected financial and operational information for the three and\n six months ended June 30, 2012 is set out below and should be read in\n conjunction with LGX's Financial Statements and MD & A.\n\n\n\n\n\n \n\n\nThree Months Ended June 30\n\n\n \n\n\nSix Months Ended June 30\n\n\n(Cdn $ except common share data)\n\n\n2012\n\n\n \n\n\n2011\n\n\n \n\n\n2012\n\n\n \n\n\n2011\n\n\nPetroleum and natural gas revenue\n\n\n1,155,040\n\n\n \n\n\n1,332,199\n\n\n \n\n\n2,706,839\n\n\n \n\n\n2,918,762\n\n\nFunds flow from operations\n\n\n(447,380)\n\n\n \n\n\n104,403\n\n\n \n\n\n(306,144)\n\n\n \n\n\n418,716\n\n\n  Per share - basic (1)\n\n(0.03)\n\n\n \n\n\n0.01\n\n\n \n\n\n(0.02)\n\n\n \n\n\n0.03\n\n\n                  - diluted (1)\n\n(0.03)\n\n\n ...