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LGX Reviews 2012 Bakken, Manyberries Progress, Financials

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LGX Reviews 2012 Bakken, Manyberries Progress, Financials

LGX Oil + Gas Inc. has reported its year-end 2012 operational and financial highlights, which focus on the Alberta Bakken and Manyberries prospects.

Separately, the company also detailed its 2013 guidance, capital budget and outlook.

Highlights Closed the purchase from Legacy Oil + Gas Inc. of the SA Assets, comprised of 68,581 net acres of undeveloped land in southern Alberta for 10,000,000 post-consolidation common shares.  In conjunction with the asset purchase, the Company's management team was replaced with members from Legacy and the board of directors was reconstituted. Closed the acquisition of highly focused, high working interest, operated producing oil assets in southeast Alberta, consisting of light oil production, reserves and undeveloped land in the Manyberries area with…
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