LGX Oil + Gas Inc. believes that its current share price is not reflective of the long term value within the Company's asset base, and therefore has initiated a process to consider a range of strategic alternatives available to the Company, 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.

Tags: LGX Oil + Gas Inc.