Business
LGX Oil + Gas Inc. Announces Second Quarter 2013 Results
CALGARY , Aug. 12, 2013 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is ...
About this update from Permex Petroleum Corp.
[{"type":"text","content":"\n\n\nCALGARY, Aug. 12, 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 June 30, 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\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\n\n\nFINANCIAL + OPERATIONAL HIGHLIGHTS (1) \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 \n\n\nThree Months Ended\n\n\n \n\n\n \n\n\nSix Months Ended\n\n\n \n\n\n\n\n \n\n\nJune 30\n\n\n \n\n\n \n\n\nJune 30\n\n\n \n\n\n\n\nUnaudited (Cdn $, except per share amounts)  \n\n\n2013\n\n\n2012\n\n\n% change\n\n\n \n\n\n2013\n\n\n2012\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\n\n\n\nPetroleum and natural gas sales, net of royalties \n\n\n4,156,240 \n\n\n116,196 \n\n\n3,477 \n\n\n \n\n\n8,047,380 \n\n\n406,183 \n\n\n1,881 \n\n\n\n\nFunds generated by (used in) operations (2) \n\n\n1,609,234 \n\n\n38,286 \n\n\n4,103 \n\n\n \n\n\n2,724,883 \n\n\n206,902 \n\n\n1,217 \n\n\n\n\n \n\n\nPer share basic \n\n\n0.02 \n\n\nn/a \n\n\nn/a \n\n\n \n\n\n0.03 \n\n\nn/a \n\n\nn/a \n\n\n\n\n \n\n\nPer share diluted (3) \n\n\n0.02 \n\n\nn/a \n\n\nn/a \n\n\n \n\n\n0.03 \n\n\nn/a \n\n\nn/a \n\n\n\n\nNet income (loss) \n\n\n(3,127,371)\n\n\n29,498 \n\n\n(10,702)\n\n\n \n\n\n(4,280,996)\n\n\n187,761 \n\n\n(2,380)\n\n\n\n\n \n\n\nPer share basic \n\n\n(0.04)\n\n\nn/a \n\n\nn/a \n\n\n \n\n\n(0.05)\n\n\nn/a \n\n\nn/a \n\n\n\n\n \n\n\nPer share diluted (3) \n\n\n(0.04)\n\n\nn/a \n\n\nn/a \n\n\n \n\n\n(0.05)\n\n\nn/a \n\n\nn/a \n\n\n\n\nCapital expenditures (excluding acquisitions) \n\n\n361,856 \n\n...