Heads up on Lexaria Corp. (OTC BB:LXRA)
October 8, 2007
Greetings investors!
Here’s a premarket heads-up on Lexaria Corp. (OTC BB: LXRA) for Monday, October 8.
The oil and gas junior has been drilling targets at its Palmetto Point project in Mississippi since mid August. The results of that are expected very soon, possibly this week.
We should also get word on additional flow from the wells hit during Phase I and Phase II drilling earlier this year. The first well at Palmetto was spud August 15 and an earlier well elsewhere in Mississippi is being flow tested, which should have the net effect of boosting the company’s production.
Lexaria appears to be verging on a period of rapid exponential growth … always a good thing for the stock price! Cash flow and earnings are destined to increase as additional discoveries and wells are brought onstream in the weeks to come.
I’m buying.
Kb
The BarkerLetter on October 7th 2007 in Commodity investing
