Breaking News LXRP- Lexaria Increases Oil Reserves

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StockGuru Blog: Lexaria Corp (OTCBB: LXRP)

Breaking News LXRP: Lexaria Increases Oil Reserves KELOWNA, BC–(Marketwire – 01/31/11) – Lexaria Corp. (the “Company” or “Lexaria”) (OTC.BB:LXRP – News) announces an upward revision in proved oil reserves at the Belmont Lake oil field located in Mississippi. Lexaria has filed a Form 8K with the Securities and Exchange Commission detailing the increased proved reserves. The highlights of the proved oil reserves as of October 31, 2010, are as follows:

Lexaria has successfully transformed its production profile to nearly 100% light oil, from an earlier mix of gas and oil. The Company`s concentration on oil production will continue to add value on an ongoing basis. Lexaria will continue to strategically position itself to maximize cash flows from operations and build shareholder value.

learn more about Lexaria Corp. visit www.lexariaenergy.com. ON BEHALF OF THE BOARD “Chris Bunka” Mr. Chris Bunka, President FORWARD-LOOKING STATEMENTS This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. Such forward-looking statements are estimates reflecting the Company`s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, weather, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. There can be no assurance that road or site conditions will be favourable for field work; no assurance that well treatments will have any effect on oil or gas production; no assurance that oil field interconnections will have any measurable impact on oil or gas production or on field operations, and no assurance that the expected new well(s) will be drilled or have any impact on the Company. There can be no assurance that expected oil and gas production will actually materialize; and thus no assurance that expected revenue will actually occur. There is no assurance the Company will have sufficient funds to drill additional wells, or to complete acquisitions or other business transactions. There is no assurance that any future exploration will take place and no assurance that there are any likely locations for Belmont Lake “look-alike” fields. Such forward-looking statements also include estimated cash flows, revenue and current and/or future rates of production of oil and natural gas, which can and will fluctuate for a variety of reasons; oil and gas reserve quantities produced by third parties; and intentions to participate in future exploration drilling. Adverse weather conditions can delay operations, impact production, and cause reductions in revenue. The Company may not have sufficient expertise to thoroughly exploit its oil and gas properties. The Company may not have sufficient funding to thoroughly explore, drill or develop its properties. Access to capital, or lack thereof, is a major risk. Current oil and gas production rates may not be sustainable and targeted production rates may not occur. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company`s public announcements and filings.

    StockGuru`s Lexaria Corp Profile This is the condensed version – Full StockGuru Profile Found Here:

http://www.stockguru.com/about/lxrp/



Lexaria Corp. (OTCBB: LXRP) (Canada – Toronto Exchange: LXX-CNSX) is currently focused on locating and producing conventional onshore light oil resources to realize the immediate financial benefits this strategy brings to the company and its shareholders. 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 production is between 90% – 100% oil, and between 0% – 10% gas. Lexaria started with smaller interests and smaller drill programs, the Company currently holds 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 130,000 acres in the surrounding areas. Griffin & Griffin Exploration, L.L.C. (“Griffin”), of Jackson, Mississippi, is the operator for Lexaria. Multiple agreements with Griffin since 2005, create a comfortable relationship between the parties. Lexaria Corp. intends to become a growing force in overlooked North American energy opportunities and has already enjoyed demonstrable success with its intelligent strategies. The discovery of the Belmont Lake Oil Field will be the springboard for additional growth to come.

Lexaria Projects Lexaria has interests of between 32% and 40% in several producing oil wells in the Belmont Lake Oil Field. These various interests are in mostly shut-in gas wells and a 60% interest in over 30 exploration wells to be drilled on Griffin’s extensive land base covering over 130,000 acres east of the Mississippi River in south-western Mississippi. Lexaria has one of the lowest drilling cost in the country. Belmont Lake boasts some of the lowest operating cost averaging less than $18 per barrel since Belmont Lake was first discovered. Lexaria Management believes its production costs per barrel will drop even further as new wells begin production. At the new 12-4 and 12-5 wells Lexaria has installed a gas lift system, to be able to utilize it when conditions require. Lexaria has proven over the last two years that it can produce oil 12 months a year, even when its wells are inaccessible due to the flood waters of the Mississippi River.

Belmont Lake Oil Field Low Risk Development Opportunity

potential for seven to ten wells at Belmont Lake . The Belmont Lake Oil Field represents the Company`s lowest-risk development opportunity. The Belmont Lake oil wells offer good investment payouts, despite the location in the seasonal floodplain of the Mississippi River which has presented challenges. Seasonal flooding of the oil field forced Lexaria and its partners to devise ways to safely and reliably produce oil 12-months per year, even if the surface location was flooded with river water. The Company has installed a remote tank farm and separation facility, pipelines, and various mechanical connections. In the future the ability to identify, in advance, between Frio Oil targets and Frio Gas targets will enhance significant shareholder value through a 60% gross interest in exploration lands surrounding the Belmont Lake discovery. The most recent successful well was the PP-F12-5, has been drilled and is awaiting its production connections. This represents the final well in the current drill program. As a part of the well financing, the CEO and Chairman of the Company provided a $90,000 USD loan to assist the Company. The loan provides for a 12% interest rate and is repayable on demand. This is the condensed version – Full StockGuru Profile Found Here:

http://www.stockguru.com/about/lxrp/   Contact Lexaria Corp: Lexaria Corp.

Chris Bunka President/CEO/Chairman (250) 765-6424 Office: 950 – 1130 West Pender Street Vancouver, BC Canada, V6E 4A4 Website: http://www.lexariaenergy.com Phone: 604-602-1675 Email: info@lexariaenergy.com

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This message was intended for “ You have received this message because you are subscribed to `Stock Guru` LXRP Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract on December 14, 2010. LXRP has agreed to compensate us six thousand dollars for profile coverage. We have taken no shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. We hold no shares and will not be receiving further compensation in shares or that is share related during this period. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

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