LGX Oil + Gas Inc ROAOF

Kildare-91ft Net Pay

[standby9]

GD40 spot for deep sea diving! Drilling Update--Successes in the UK North Sea During the quarter, we had successes in the UK North Sea at Golden Eagle and Kildare. Golden Eagle is located on Block 20/1N. The discovery well was drilled to a depth of approximately 7,500 feet and encountered 123 feet of net pay. A successful sidetrack well was drilled to appraise the accumulation and we are currently evaluating development options. Our current estimate of gross resource for the field is between 20 and 50 mmboe. We have a 34% operated interest in Golden Eagle. Kildare is located on Block 15/26b. The discovery well was drilled to a depth of approximately 14,100 feet and encountered approximately 91 feet of net pay. We are currently analyzing the results from the well. We have a 50% non-operated interest in Kildare