2009-04-09-2009-04-06-2009-04-06

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description

Bought various WI in two assets in and around Belmont Lake Field, MS.

Lexaria Corp., Vancouver, (OTCBB: LXRA) has acquired additional interests in its existing core producing Mississippi oil and gas fields from an undisclosed seller for and undisclosed cash price. Lexaria purchased an additional 2% working interest in the Belmont Lake oil and gas field and an additional 10% working interest in potential nearby exploration wells. Lexaria now has 32% working interest in Belmont Lake and 60% working interest in the exploration wells on approximately 140,000 acres surrounding Belmont Lake in all directions. Belmont Lake has proven reserves of approx. 400,000 barrels of oil.