LGX Oil + Gas Inc. reported unaudited earnings results and operating results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported petroleum and natural gas sales, net of royalties of CAD 2,954,229 compared to CAD 4,331,707 a year ago. Funds generated by operations were CAD 599,383 or CAD 0.01 per basic and diluted share compared to CAD 1,148,432 or CAD 0.01 per basic and diluted share a year ago. Net loss was CAD 15,675,139 or CAD 0.18 per basic and diluted share compared to CAD 1,074,202 or CAD 0.01 per basic and diluted share a year ago. Capital expenditures - Exploration and development were CAD 11,004.

For the quarter, the company reported crude oil and natural gas liquids of 616 Bbls per day compared to 537 Bbls per day a year ago. Natural gas production was 1,099 Mcf per day compared to 1,360 Mcf per day a year ago. Barrels of oil equivalent were 799 Boe per day compared to 764 Boe per day a year ago.

For the nine months, the company reported petroleum and natural gas sales, net of royalties of CAD 8,617,098 compared to CAD 16,241,881 a year ago. Funds generated by operations were CAD 1,367,108 or CAD 0.02 per basic and diluted share compared to CAD 6,090,852 or CAD 0.07 per basic and diluted share a year ago. Net loss was CAD 21,937,507 or CAD 0.25 per basic and diluted share compared to CAD 1,621,574 or CAD 0.02 per basic and diluted share a year ago.

For the quarter, the company reported crude oil and natural gas liquids of 564 Bbls per day compared to 638 Bbls per day a year ago. Natural gas production was 1,215 Mcf per day compared to 1,318 Mcf per day a year ago. Barrels of oil equivalent were 766 Boe per day compared to 858 Boe per day a year ago.