ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

LUXE Emles Luxury Goods ETF

20.515
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Name Symbol Market Type
Emles Luxury Goods ETF AMEX:LUXE AMEX Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 20.515 0 01:00:00

/C O R R E C T I O N from Source -- Lux Energy Corp./

18/11/2009 10:33pm

PR Newswire (US)


Emles Luxury Goods ETF (AMEX:LUXE)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more Emles Luxury Goods ETF Charts.
In TO780, "Lux Energy Corp Announces Major Property Negotiations", transmitted at 16:01e today, the full release is being retracted. Full corrected copy follows: CALGARY, Nov. 18 /PRNewswire/ -- Lux Energy Corp. (OTC BB: LUXE), an oil and gas production and exploration company, today reported that it has signed a Letter of Intent with Dejour Alberta Energy Ltd. "DEAL", a subsidiary of Dejour Enterprises (TSX, NYSE: DEJ), for a 1.5% working interest in DEAL's producing Woodrush and Drake properties in Northern British Columbia. Woodrush and Drake are key producing properties in northern British Columbia, 60 miles due north of Ft. St John. The properties comprise five separate leases totaling 4,000 acres, on which three separate reservoirs are produced through six wells. In addition to the wells, DEAL owns and operates the production gathering system and a state-of-the-art sour oil and gas production facility sized to handle more than 1000 BOPD and 3 MMCFD. Shane Broesky President and CEO of Lux Energy commented, "We are very pleased to enter into a working partnership on such a promising project as Woodrush and Drake, with successful operators like Dejour. Management believes that this acquisition will increase the Company's value and strengthen future revenues. This is another step in Lux's ongoing strategy of building a robust Company through the acquisition of profitable, producing oil and gas properties." Investment in the production facility at start up was in excess of CAD$ 6.5 MM and it is sized to handle the full development of the gas and oil pools located under the umbrella of DEAL properties. Production facility at Woodrush began in April of 2008 and is currently yielding restricted flows of net 400 BOE/d. A new oil well will be spudded early in December, 2009, slated for production by January, 2010 and a state of the art 3D seismic program is currently being conducted by Dejour prior to the drilling of up to 2 additional wells in March 2010, targeting April 2010 production close to 800BOE/d. Three future gas and 3 addition oil wells are planned for the 2010-11-12 drilling season. Dejour is targeting $20MM in gross revenues from this project in 2010. With a successful three well drilling program in 2009/10 NPV-10 values are expected to double to $40MM by the end of the current drill season. Lux Energy Corp. is an oil and gas production and exploration company focusing on developing oil and gas resources in North America. Further information and news releases are available at http://www.luxenergycorp.com/. Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Lux Energy's filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements. DATASOURCE: LUX Energy Corporation CONTACT: Charles (Chuck) Tait, Lux Energy Corp., Phone: (604) 514-6559, Email:

Copyright

1 Year Emles Luxury Goods ETF Chart

1 Year Emles Luxury Goods ETF Chart

1 Month Emles Luxury Goods ETF Chart

1 Month Emles Luxury Goods ETF Chart