Business
LGX Oil + Gas Inc. Announces Second Quarter 2014 Results
CALGARY , Aug. 11, 2014 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV:OIL) is...
About this update from Permex Petroleum Corp.
[{"type":"text","content":"\n\nCALGARY, Aug. 11, 2014 /CNW/ - LGX Oil + Gas Inc. (\"LGX\" or the \"Company\") (TSXV:OIL) is pleased to announce it has filed on SEDAR its unaudited financial statements and related Management's Discussion and Analysis (\"MD&A\") for the three and six months ended June 30, 2014.  Selected financial and operational information is outlined below and should be read in conjunction with LGX's unaudited financial statements and the related MD&A which are available for review at www.lgxoil.com or www.sedar.com.\n\n \n\n\n\n\nFINANCIAL + OPERATIONAL HIGHLIGHTS(1)\n\n\n\n\n\n\n\n\n\n\n\nThree Months Ended\n\n\n\n\nSix Months Ended\n\n\n\n\n\n\n30-Jun\n\n\n\n\n30-Jun\n\n\n\n\nUnaudited (Cdn $, except per share amounts) \n\n\n2014\n\n\n2013\n\n\n% change\n\n\n2014\n\n\n2013\n\n\n% change\n\n\n\nFinancial \n\n\n\n\n\n\n\n\n\nPetroleum and natural gas sales, net of royalties\n\n\n5,490,455\n\n\n4,156,240\n\n\n32\n\n\n11,910,174\n\n\n8,047,380\n\n\n48\n\n\n\nFunds generated by operations (2)\n\n\n1,874,662\n\n\n1,609,234\n\n\n16\n\n\n4,942,420\n\n\n2,724,883\n\n\n81\n\n\n\n\nPer share basic\n\n\n0.02\n\n\n0.02\n\n\n-\n\n\n0.06\n\n\n0.03\n\n\n100\n\n\n\n\nPer share diluted (3)\n\n\n0.02\n\n\n0.02\n\n\n-\n\n\n0.06\n\n\n0.03\n\n\n100\n\n\n\nNet income (loss)\n\n\n(727,033)\n\n\n(3,127,371)\n\n\n(77)\n\n\n(547,372)\n\n\n(4,280,996)\n\n\n(87)\n\n\n\n\nPer share basic\n\n\n(0.01)\n\n\n(0.04)\n\n\n(75)\n\n\n(0.01)\n\n\n(0.05)\n\n\n(80)\n\n\n\n\nPer share diluted (3)\n\n\n(0.01)\n\n\n(0.04)\n\n\n(75)\n\n\n(0.01)\n\n\n(0.05)\n\n\n(80)\n\n\n\nCapital expenditures - Exploration and development(4)\n\n\n493,819\n\n\n361,856\n\n\n36\n\n\n2,425,807\n\n\n842,076\n\n\n188\n\n\n\nNet debt and working capital surplus (deficit)(2)\n\n\n(17,116,598)\n\n\n(8,058,946)\n\n\n112\n\n\n(17,116,598)\n\n\n(8,058,946)\n\n\n112\n\n\n\nOperating\n\n\n\n\n\n\n\n\n\nProduction\n\n\n\n\n\n\n\n\n\n\nCrude oil and natural gas liquids (Bbls per day)\n\n\n646\n\n\n578\n\n\n12\n\n\n690\n\n\n595\n\n\n16\n\n\n\n\nNatural gas (Mcf per day)\n\n\n1,307\n\n\n1,729\n\n\n(24)\n\n\n1,296\n\n\n1,768\n\n\n(27)\n\n\n\n\nBarrels of oil equivalent (Boe per day) (5)\n\n\n864\n\n\n866\n\n\n-\n\n\n906\n\n\n890\n\n\n2\n\n\n\nAverage realized price\n\n\n\n\n\n\n\n\n\n\nCrude oil and natural gas liquids ($ per Bbl)\n\n\n98.15\n\n\n84.63\n\n\n16\n\n\n97.57\n\n\n79.97\n\n...