LGX Oil + Gas Inc. Announces Third Quarter 2014 Results

About this update from Permex Petroleum Corp.

[{"type":"text","content":"\n\n\nCALGARY, Nov. 10, 2014 /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 2014.  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\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\nNine Months Ended\n\n\n \n\n\n\n\n \n\n \n\nSeptember 30\n\n\n \n\n \n\nSeptember 30\n\n\n \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\n\nFinancial \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\n4,331,707\n\n\n4,819,532\n\n\n(10)\n\n\n16,241,881\n\n\n12,866,912\n\n\n26\n\n\n\n\nFunds generated by operations (2)\n\n\n1,148,432\n\n\n581,632\n\n\n97\n\n\n6,090,852\n\n\n3,306,515\n\n\n84\n\n\n\n \n\nPer share basic\n\n\n0.01\n\n\n0.01\n\n\n-\n\n\n0.07\n\n\n0.04\n\n\n75\n\n\n\n \n\nPer share diluted (3)\n\n\n0.01\n\n\n0.01\n\n\n-\n\n\n0.07\n\n\n0.04\n\n\n75\n\n\n\n\nNet income (loss)\n\n\n(1,074,202)\n\n\n(8,270,280)\n\n\n(87)\n\n\n(1,621,574)\n\n\n(12,551,276)\n\n\n(87)\n\n\n\n\n \n\n\nPer share basic\n\n\n(0.01)\n\n\n(0.09)\n\n\n(89)\n\n\n(0.02)\n\n\n(0.14)\n\n\n(86)\n\n\n\n \n\nPer share diluted (3)\n\n\n(0.01)\n\n\n(0.09)\n\n\n(89)\n\n\n(0.02)\n\n\n(0.14)\n\n\n(86)\n\n\n\n\nCapital expenditures - Exploration and development (4)\n\n\n5,872,876\n\n\n1,696,828\n\n\n246\n\n\n8,298,683\n\n\n2,538,904\n\n\n227\n\n\n\n\nNet debt and working capital surplus (deficit) (2)\n\n\n(21,840,956)\n\n\n(9,189,958)\n\n\n138\n\n\n(21,840,956)\n\n\n(9,189,958)\n\n\n138\n\n\n\n\nOperating\n\n\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\n \n\nCrude oil and natura...

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