Lux Energy Corp Receives Results from Pumping Test
10 11월 2009 - 6:00AM
PR Newswire (US)
LUXE: OTC-BB CALGARY, Nov. 9 /PRNewswire-FirstCall/ -- In a recent
news release, Lux Energy Corp. announced the production results for
the C well located in West Central Alberta. In addition, the
Company stated that the operator had recommended that pumping
equipment be installed to enhance recovery from the reservoir. The
pump equipment was installed and the 24 hour test period records
the following; Currently oil production is at 40 - 44 bbls per day.
The well has shown a decline of less that 10% since installation to
present. The operator advises that this is a normal result. Natural
gas production continued throughout the test period at 175 mcf. In
summary, the pump recovery project including natural gas has had a
significant result. The C well recovery has increased from 32 BPOE
to 56 BPOE per day, an impressive 75% upside. Shane Broesky,
President, comments that the well performance certainly warrants
further acquisitions in this area and Lux will pursue increased
holdings. The President also advises that the operator has informed
Lux on the D well status. The D well is expected to be at total
depth, completed and tied into production facilities by December
15, 2009. D will be completed in the same area as the C well. 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: 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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