Lux Energy Corporation Announces Double Expected Production Results and Longer Well Life

Name	Symbol	Market	Type
Emles Luxury Goods ETF	AMEX:LUXE	AMEX	Exchange Traded Fund

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

Price Change

% Change

Price

High Price

Low Price

Open Price

Traded

Last Trade

0.00

0.00%

20.515

01:00:00

Lux Energy Corporation Announces Double Expected Production Results and Longer Well Life

29/07/2009 2:00pm

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.

LUXE: OTC-BB CALGARY, July 29 /PRNewswire-FirstCall/ -- Lux Energy Corp (the "Company") is pleased to announce that the "B" well they are currently negotiating blew over double what was anticipated. The well drilled to 1900 meters bottom hole gas zone "Glauconite." This well was opened up and blew in at 580,000 mcf at 1000 psi with 9/bbl fluids recovered within the first hour. This well blew in at 1 million mcf initially and blew 11 years ago after the 10 ton fracture. "The flow tested for a day and shut in. We believe the initial fracture was squeezed out by the formation pressure. The program calls for a 20 ton fracture and we believe this well will produce at around 500,000+ mcf, double what we had originally estimated," says Shane Broesky, President of Lux Energy Corp. "This will double the production figures and create a substantially larger revenue stream." A copy of the filed information can be found for viewing by electronic means by viewing Lux Energy's filings with the U.S. Securities and Exchange Commission at http://www.sec.gov/. Lux Energy Corporation Lux Energy is an oil and gas production, acquisition, and production company focusing on developing oil resources in North America. 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, TF: (877) 777-4568,

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

LUXE Emles Luxury Goods ETF