LGX Oil + Gas Inc. announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2014. For the quarter, the company's petroleum and natural gas sales, net of royalties was CAD 6,419,719 compared with CAD 3,891,140 a year ago. Funds generated by operations were CAD 3,067,758 or CAD 0.03 per basic and diluted share compared with CAD 1,115,649 or CAD 0.01 per basic and diluted share a year ago. Net income was CAD 179,661 compared with net loss of CAD 1,153,625 or CAD 0.01 per basic and diluted share a year ago. Capital expenditures (excluding acquisitions) were CAD 1,931,988 compared with CAD 480,220 a year ago. The company's net debt and working capital surplus (deficit) as at March 31, 2014 was CAD 18,495,587 against as at March 31, 2013 of 9,307,723.

For the quarter, the company's crude oil and natural gas liquids 734 Bbls per day compared with 612 Bbls per day a year ago. Natural gas was 1,285 Mcf per day against 1,806 Mcf per day a year ago. Barrels of oil equivalent was 948 Boe per day compared with 913 Boe per day a year ago.