Lexington Energy’s Subsidiary Lexcore Books Additional Oil Sands Revenue
CALGARY, April 27 /PRNewswire-FirstCall/ — Lexington Energy Services Inc. (OTCBB:LXES) today announced that Lexington Energy’s drilling subsidiary, Lexcore, recently deposited more than $450,000 in drilling revenue from winter projects in Alberta’s Athabasca oil sands.
“We’re extremely pleased at the performance and safety record we achieved this season and we look forward to further cementing our reputation and relationships with oil sands producers,” said Brent Nimeck, CEO of Lexington Energy Services and president of Lexcore.
Together with previous drilling revenue, this latest addition brings revenue to date for Lexcore’s first drilling season to over $1.9 million CAD.
“From conception to completion of two contracts in less than one year of operating history is a tremendous accomplishment and a strong indicator of the growth potential of our oil sands-specific coring rigs,” said Mr. Nimeck.
Lexcore Services Inc. is a wholly-owned subsidiary of Lexington Energy Services Inc. (OTCBB: LXES) and the first manufacturer of drilling systems specifically designed for oil sands exploration coring.
About Lexington Energy Services:
Lexington Energy Services Inc. is a publicly traded oil field service company (OTCBB:LXES). Through its three separate, wholly-owned subsidiaries, Lexington Energy manufactures innovatively designed service equipment for the rapidly expanding oil and gas industry.
Forward-Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Lexington Energy’s filings with the Securities and Exchange Commission, including, without limitation, Lexington Energy’s recently filed Form 10-KSB and 10-QSB.
CONTACT: Mark Procknow, Corporate Communications, Lexington Energy Services Inc., (403) 279-4585
Lexington Energy Services Inc.
CONTACT: Mark Procknow, Corporate Communications, Lexington EnergyServices Inc., (403) 279-4585