Stock Guru LXES Profile
When StockGuru identified the ten reasons it loved Lexington — blowout revenue was a vision, a natural evolution of a meticulously crafted energy service sector business in the newly developing Oil Sands of Canada (the third largest oil and gas reserve on earth).
Lexington’s recently filed 10-K indicates that Lexington is ramping up its business and revenue is a natural process.
Lexington’s quarter ended November 30, 2006, and indicated initial revenue of Lexcore Services Inc. of approximately $785,000 USD, resulting from its ongoing winter drilling season. Lexcore’s equipment is designed for oil sands exploration companies. This equipment which is both designed and manufactured by Lexcore evaluates reservoirs of oil sands by drilling evaluation holes and removing core samples. This method of evaluation is critical in the oil sands environment where traditional seismic exploration is not possible.
In addition $628,000 USD was generated by Lexington from the sale of two mobile well testing units (p-tanks).
These two units totals over $1.4 million USD in revenue.
Lexington’s three subsidiaries ramping up quickly to support multiple streams of revenue in energy services.
Lexington has turned its eye exclusively to projects which will provide the critical ‘Return on Investment’ required for growth.
Lexington is at the right place at the right time.
Stay tuned as Stock Guru examines the complimentary energy service sector Lexington has developed in the booming Oil Sands of Alberta, Canada.
Source: Lexington Energy Services Inc.
CONTACT: Lexington Energy Services Inc., Mark Procknow, Investor Relations, Calgary, 1-877-279-4550
About Lexington Energy Services Inc.: Lexington Energy Services Inc. manufactures and leases innovatively designed oilfield service equipment. Through their wholly owned subsidiary, Lexcore Services Inc., we also provide a range of drilling services to meet the growing needs of the oil and gas industry, including Alberta’s oil sands.
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’s filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
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