Lux Energy Corp Updates West Central Drilling Program
12 11월 2009 - 10:30PM
PR Newswire (US)
LUXE: OTC-BB CALGARY, Nov. 12 /PRNewswire-FirstCall/ -- Lux Energy
Corp. (the "Company") wishes to update shareholders on the West
Central Alberta C & D program. The D well was drilled as a
successful Natural Gas well including production of NG liquids and
was to be tied into the pipeline on or before December 15th, 2009.
It was decided by the operator that the D well should be remain
capped at this time until Natural Gas prices rise in the near
future. The operator has elected to drill a new well in a location
that is believed to be following the same Oil trend as the C well.
Lux Energy Corp. and it's entire team have decided to explore and
develop this entire project. This field has been deemed as a
Wildcat Oil discovery in Alberta. There are no known wells in close
proximity that have successfully hit this formation. Shane Broesky,
President of Lux Energy Corporation states "Based on the full 3D
seismic program, the operator feels that we have a high success
rate of encountering the same Oil formation the C well is currently
producing from." The oil discovery well in this project was
originally thought to have high pressure gas has intersected an oil
zone that initially flowed unstimulated at a rate of 40bbl/day oil
and 320mcf gas. The first 72 days of production the C well produced
2200 BBLS of oil, 20 MMCF of natural gas, and 60 NGLS. There are 9
additional targets in this area to access. 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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