LGX Oil + Gas Inc. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported petroleum and natural gas sales, net of royalties of CAD 5,490,455 against CAD 4,156,240 a year ago. Funds generated by operations were CAD 1,874,662 or CAD 0.02 per basic and diluted share against CAD 1,609,234 or CAD 0.02 per basic and diluted share a year ago. Net loss was CAD 727,033 or CAD 0.01 per basic and diluted share against CAD 3,127,371 or CAD 0.04 per basic and diluted share a year ago. Capital expenditures - exploration and development were CAD 493,819 against CAD 361,856 a year ago.

For the six months, the company reported petroleum and natural gas sales, net of royalties of CAD 11,910,174 against CAD 8,047,380 a year ago. Funds generated by operations were CAD 4,942,420 or CAD 0.06 per basic and diluted share against CAD 2,724,883 or CAD 0.03 per basic and diluted share a year ago. Net loss was CAD 547,372 or CAD 0.01 per basic and diluted share against CAD 4,280,996 or CAD 0.05 per basic and diluted share a year ago. Capital expenditures - exploration and development were CAD 2,425,807 against CAD 842,076 a year ago.

For the quarter, the company reported crude oil and natural gas liquids of 646 Bbls per day compared with 578 Bbls per day a year ago. Natural gas was 1,307 Mcf per day against 1,729 Mcf per day a year ago. Barrels of oil equivalent was 864 Boe per day compared with 866 Boe per day a year ago.

For the six months, the company reported crude oil and natural gas liquids of 690 Bbls per day compared with 595 Bbls per day a year ago. Natural gas was 1,296 Mcf per day against 1,768 Mcf per day a year ago. Barrels of oil equivalent was 906 Boe per day compared with 890 Boe per day a year ago.