DALLAS, Dec. 16, 2010 (GLOBE NEWSWIRE) -- John Pentony, Publisher of Stockguru.com, has posted a Podcast Interview featuring the CEO of Lexaria, Corp., Chris Bunka. This release corrected a name and headline spelling.
Lexaria is an oil production company which enjoys some of the lowest drilling and field operating costs at under $16.00 barrel. Lexaria's Belmont Lake Oil Field, located in Mississippi, has four producing wells with a sixty percent interest in an exclusive right to drill over 130,000 acres with existing 3-D Seismic data on this land package
Lexaria is a tightly held company with cash flow from the four existing wells. The Company is in a position to build its cash reserves in order to drill more wells without resorting to dilutive financings.
Mr. Bunka noted he expects the proven Belmont Lake Oil Field to ultimately have 7-10 wells. This means production, cash flows and revenues have the potential to double from their current levels. Ultimately, Lexaria will use these cash flows to drill for additional oil fields on its vast 130,000 acre land package.
To listen to the StockGuru.com interview with Chris Bunka, please click below:
http://www.stockguru.com/2010/12/lxrp-interview/
Website: http://www.lexariaenergy.com Email: info@lexariaenergy.com
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