LGX Oil + Gas Inc. (TSXV:OIL) has initiated a process to consider a range of alternatives available to it, with a view to enhancing shareholder value. These alternatives may include, but are not limited to, a sale of all or a material portion of the LGX assets, the outright sale of the company, or merger or other transaction involving a third party, and/or alternative financing initiatives. LGX Oil + Gas Inc. has engaged Sayer Energy Advisors to advise the company in connection with this comprehensive review and analysis of alternatives in connection with the process.