Lux Energy Corp. Acquires Additional Positions in West Central Alberta Project
January 14 2010 - 1:58PM
PR Newswire (US)
LUXE: OTC-BB CALGARY, Jan. 14 /PRNewswire-FirstCall/ -- Lux Energy
Corp. (the "Company") has recently acquired an added working
interest in the Barrhead production reservoirs located in West
Central Alberta. These reservoir locations were initially explored
and developed as natural gas plays. The most recent development
well drilled for its' natural gas potential encountered a oil
reservoir. The operator has advised that this oil zone is flowing
at 40 barrels of high gravity crude per day including the gas cap
which is producing at 320 mcf. Shane Broesky, President, reiterated
comments from the operator stating that this was an unexpected
result whereby this well is capable of producing at these rates and
that the structure has not been stimulated. He continues to mention
that this oil zone may very well extend to adjacent drilling
targets. Well logs and further testing will give us an abundance of
geological information to exploit this discovery. Broesky further
comments that this discovery event is most opportunistic. "Lux
Energy will pursue participation to our maximum capacities.
Indications are that a 10 well program is now contemplated. Lux is
also in pursuit of a oil and gas project in Northern B.C. Financing
arrangements for this endeavor are in process." 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. For further information please visit
http://www.luxenergycorp.com/. DATASOURCE: LUX Energy Corporation
CONTACT: Charles (Chuck) Tait, Lux Energy Corp., Toll-Free:
1-866-578-6022 or (403) 775-1730, Email:
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