Lexaria Corp report the Belmont Lake Oil Field achieved record-high oil production during the month of June that was a material increase from any previous month.
For the month of June 2012, the four oil wells at Belmont Lake together produced 8,755 barrels of oil, for an average of 282.5 barrels per day. Lexaria has current average production in excess of 105 b/d, net to the Company.
During the calendar year 2011, Belmont Lake field produced an average of 3,111 barrels of oil per month which itself was the highest annual production ever. Subsequent to two well workovers completed ~May 21, 2012, Belmont Lake has been producing at new higher rates.