LGX Oil + Gas Inc. Announces Third Quarter 2013 Results

About this update from Permex Petroleum Corp.

[{"type":"text","content":"\n\n\nCALGARY, Nov. 11, 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 and nine months ended September 30,\n 2013.  Selected financial and operational information is outlined below\n and should be read in conjunction with LGX's unaudited financial\n statements and the related MD&A which are available for review at www.lgxoil.com or www.sedar.com.\n\n\nFINANCIAL + OPERATIONAL HIGHLIGHTS (1)\n\n\n\n\n\n \n\n\nThree Months Ended\n\n\n \n\n\n  Nine Months Ended \n\n\n \n\n\n \n\n\nSeptember 30\n\n\n \n\n\n September 30\n\n\n   \n\n\nUnaudited (Cdn $, except per share amounts) \n\n\n2013\n\n\n2012\n\n\n% change\n\n\n2013\n\n\n2012\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\nPetroleum and natural gas sales, net of royalties\n\n\n4,819,532\n\n\n864,621\n\n\n457\n\n\n12,866,912\n\n\n1,270,804\n\n\n913\n\n\nFunds generated by (used in) operations (2)\n\n581,632\n\n\n(345,347)\n\n\n268\n\n\n3,306,515\n\n\n(138,445)\n\n\n2,488\n\n\n    Per share basic\n\n\n0.01\n\n\n(0.01)\n\n\n200\n\n\n0.04\n\n\n(0.02)\n\n\n300\n\n\n    Per share diluted (3)\n\n0.01\n\n\n(0.01)\n\n\n200\n\n\n0.04\n\n\n(0.02)\n\n\n300\n\n\nNet income (loss)\n\n\n(8,270,280)\n\n\n10,254,593\n\n\n(181)\n\n\n(12,551,276)\n\n\n10,442,354\n\n\n(220)\n\n\n     Per share basic\n\n\n(0.09)\n\n\n0.38\n\n\n(124)\n\n\n(0.14)\n\n\n1.16\n\n\n(112)\n\n\n    Per share diluted (3)\n\n(0.09)\n\n\n0.38\n\n\n(124)\n\n\n(0.14)\n\n\n1.16\n\n\n(112)\n\n\nCapital expenditures (excluding acquisitions)\n\n\n1,696,828\n\n\n1,410,996\n\n\n20\n\n\n2,538,904\n\n\n2,556,717\n\n\n(1)\n\n\nNet acquisitions (cash consideration) \n\n\n-\n\n\n-\n\n\nn/a\n\n\n-\n\n\n-\n\n\nn/a\n\n\nNet debt and working capital surplus (deficit) (2)\n\n(9,189,958)\n\n\n(5,043,920)\n\n\n82\n\n\n(9,189,958)\n\n\n(5,043,920)\n\n\n82\n\n\nOperating\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nProduction\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n  &#xA...

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