Lux Energy Corp West Central Alberta Production Exceeds Expectations
06 Novembre 2009 - 10:00PM
PR Newswire (US)
LUXE: OTC-BB CALGARY, Nov. 6 /PRNewswire-FirstCall/ -- Lux Energy
Corp. (the "Company") Has established a firm foothold in its West
Central Alberta oil and gas venture. President and CEO, Shane
Broesky advises that the West Central Alberta C well has far
exceeded the initial prospects. The C well drilled and completed in
July, 2009, was considered a natural gas target. The well
completion however, encountered a significant oil reservoir plus a
further bonus when the completion encountered an abundance of
petroleum liquids in the gas zone. Mr. Broesky comments that this
well has to date produced in excess of 2200 bbls of oil, 20 MMCF of
natural gas and 600 bbls of NG liquids without stimulation.
Production to date has averaged 60 BOE/day. The operator has
advised that pumping equipment was installed on November 4th to
enhance production recovery. In addition, engineering evaluations
are in progress to determine a future reservoir flood scheme. The
operator advises that the reservoirs in the C location have
excellent porosity and a secondary flood program should
substantially increase the capacity for reservoir recovery. The
success of the C lease location has provided Lux Energy Corp with
the incentive to embark on an acquisition program to secure
additional locations in this area of West Central Alberta. 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 510 - 640 8th Ave S.W., Calgary, Alberta,
T2P 1G7, Canada, (403) 775-1730
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