Lux Energy Corporation Announces Double Expected Production Results and Longer Well Life
July 29 2009 - 9:00AM
PR Newswire (US)
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,
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