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