LGX Oil + Gas Inc. announces year-end results, 2014 Guidance/Alberta Bakken drilling plans and files annual information form

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[{"type":"text","content":"\n\n\nCALGARY, March 24, 2014 /CNW/ - LGX Oil + Gas Inc. (\"LGX\" or the\n \"Company\") (TSXV:OIL) is pleased to announce it has filed on SEDAR its\n audited financial statements and related Management's Discussion and\n Analysis (\"MD&A\") for the year ended December 31, 2013 as well as its\n annual information form (\"AIF\") for the year ended December 31, 2013. \n Selected financial and operational information is outlined below and\n should be read in conjunction with LGX's audited financial statements,\n the related MD&A and the AIF which are available for review at www.lgxoil.com or www.sedar.com.\n\n\nFINANCIAL + OPERATIONAL HIGHLIGHTS\n\n\n\n\n \n\n\n \n\n\nThree Months Ended\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nYear Ended\n\n\n \n\n\n \n\n\n\n\n \n\n\n \n\n\nDecember 31\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nDecember 31\n\n\n \n\n\n \n\n\n\n\n(Cdn $, except per share amounts)  \n\n\n \n\n\n2013\n\n\n \n\n\n2012\n\n\n \n\n\n% change\n\n\n \n\n\n \n\n\n2013\n\n\n \n\n\n2012\n\n\n \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\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\n \n\n\n4,520,788\n\n\n \n\n\n2,775,518\n\n\n \n\n\n63\n\n\n \n\n\n \n\n\n17,387,700\n\n\n \n\n\n4,046,322\n\n\n \n\n\n330\n\n\n\n\nFunds generated by operations (2)\n\n\n \n\n\n1,125,835\n\n\n \n\n\n463,043\n\n\n \n\n\n143\n\n\n \n\n\n \n\n\n4,432,350\n\n\n \n\n\n324,598\n\n\n \n\n\n1,265\n\n\n\n\n \n\n\nPer share basic \n\n\n \n\n\n0.01\n\n\n \n\n\n0.01\n\n\n \n\n\n-\n\n\n \n\n\n \n\n\n0.05\n\n\n \n\n\n0.01\n\n\n \n\n\n400\n\n\n\n\n \n\n\nPer share diluted (3) \n\n\n \n\n\n0.01\n\n\n \n\n\n0.01\n\n\n \n\n\n-\n\n\n \n\n\n \n\n\n0.05\n\n\n \n\n\n0.01\n\n\n \n\n\n400\n\n\n\n\nNet income (loss) \n\n\n \n\n\n(7,775,472)\n\n\n \n\n\n(7,023,085)\n\n\n \n\n\n11\n\n\n \n\n\n \n\n\n(20,326,748)\n\n\n \n\n\n3,419,269\n\n\n \n\n\n(694)\n\n\n\n\n \n\n\nPer share basic \n\n\n&#x...

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