Lexaria Corp. is exploring for and developing oil and natural gas assets in low-risk areas of the United States and Canada. Since 2005 Lexaria has participated in the drilling of approximately 30 wells.
Lexaria is currently focused on oil production and development in Mississippi and is producing oil from various wells at the Belmont Lake oil field. During any given month our production is between 90% - 100% oil, and between 0% - 10% gas.
Our strategy successfully embraced a steady results-driven exploration and production agenda. To this end we expanded certain initial interests based on success. Although we started with smaller interests and smaller drill programs, we currently hold 32% - 40% interests in four producing oil wells at Belmont Lake, various interests in small shut-in gas wells; and a 60% interest in over 30 exploration wells to be drilled within the 150,000 acres in the surrounding areas.
Our appetite to assume greater project risk has and will continue to grow as we have exploration success. This is just one of the ways we employ sensible risk management controls in an effort to preserve the capital entrusted to us by our shareholders.
Lexaria Corp. intends to become a growing force in overlooked North American energy opportunities and has already enjoyed demonstrable success with its intelligent strategies. Our discovery of the Belmont Lake oil field will be the springboard for additional growth to come.
See our Projects section for project details
You can also download brief summaries of Lexaria's corporate profile and a review of the company's current business plan. Adobe Reader is required.
Lexaria Profile Updated February 2012 (367Kb PDF file)
Lexaria Presentation Overview Updated August 2012 (10MB PDF file)