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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

Lux Energy Corp Purchases Working Interest in Bigoray Project

18/08/2009 9:00pm

PR Newswire (US)


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LUXE: OTC-BB CALGARY, Aug. 18 /PRNewswire-FirstCall/ -- Lux Energy Corp. (the "Company") is pleased to announce that it has finalized the purchase of a working interest in two gas wells in the Bigoray area of West Central Alberta. On July 15th, 2009, Lux Energy announced that they were in final negotiations for this project, which was expected to produce about 570,000 cubic feet per day or approximately 100 barrels of oil equivalent per day. The operator based this estimate on the fact that the first well went on line at 400,000 cubic feet per day and the B well would produce approximately 200,000 cubic feet day. The B well tested initially at 500,000 thousand cubic feet of gas which was double of which we expected. Shane Broesky, President of Lux Energy, stated, "This news on the B well test could possibly double the expected production on this 2 well project. We are also in discussions to participate in the Operator's entire portfolio of properties in Alberta, Canada. The Operator owns 11.5 kms (approx. 8 miles) of their own pipeline and other oil and gas infrastructure which will speed up future tie-ins of several other prospective wells. Another specific property we are looking at next is in Northern British Columbia and is producing over 300 barrels of oil per day." A copy of the filed information can be found for viewing by electronic means by viewing the Company's filings on http://www.sec.gov/. Lux Energy Corporation Lux Energy is an oil and gas production and exploration company focusing on developing oil and gas resources in North America. Forward-Looking Statements 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: please visit http://www.luxenergycorp.com/ or contact Shane Broesky at: Corporate Office: Suite 1950 - 777 8th Ave S.W., Calgary, Alberta, T2P 3R5, Canada; Investor Relations Manager: TF: (866) 581-3484,

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