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| | Business Summary: Lexaria Corp. engages in the exploration and production of oil and natural gas in the United States and Canada. | | | Address
700 Pender St W Suite 604
Vancouver
, BC V6C 1G8
Phone: 604-602-1675
Website: http://www.lexariaenergy.com
| | Auditor |
|---|
Staley Okado & Partners
Vancouver | | Transfer Agent |
|---|
Nevada Agency & Trust Co.
| | ShareHolders: 38 | Founded: 2004
Domicile: Nevada | | | |
| | Lexaria Corp. engages in the exploration and production of oil and natural gas in the United States and Canada. The company's oil and gas properties include interests in the Palmetto Point project in Mississippi; Frio-Wilcox Project located in Mississippi and Louisiana; Owl Creek Prospect in Oklahoma; and Strachan Leduc Reef in Alberta, Canada. The company was founded in 2004 and is based in Vancouver, Canada. | | History: INCORPORATED in Nevada Dec. 9, 2004. | | | | | | | | | |
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Management
|
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| Officers | Position |
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| Christopher A. Bunka | Chairman, President, Secretary, Treasurer, Chief Executive Officer & Chief Accounting Officer | | Bal Bhullar | Chief Financial Officer | | David DeMartini | Chief Scientific Officer |
| | Directors |
|---|
| Bal Bhullar | | Christopher A. Bunka | | | |
| | | | Capitalization as of 10/31/2008: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Common $0.001 par | 75,000,000 | 24,369,500 |
| | | | LONG TERM DEBT: $723,857. | | | | Common $0.001 par | | | |
Stockholders:
01/02/2009,
38.
| |
Transfer Agent: Nevada Agency & Trust Co.
Reno
, NV | | | | OTC Bulletin Board( Primary): LXRP | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2008 | 1.2300 | 0.0200 | | OTC Bulletin Board | 2007 | 1.6500 | 0.5400 | | OTC Bulletin Board | 2006 | 0.8300 | 0.1000 |
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| | | | DIVIDENDS: Common $0.001 par: None. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2008 | 2007 |
|---|
| REVENUES |
|
| | Natural Gas and Oil Revenues | 900,789 | 253,148 | | EXPENSES |
|
| | Natural Gas and Oil Operating Costs | (352,831) | (124,907) | | Taxes | (7,138) | (1,043) | | Rent | (11,960) | (9,794) | | Advertising and Promotion | (4,110) | (20,071) | | Consulting | (187,461) | (750,516) | | Legal and Professional | (35,298) | (71,462) | | Telephone | (4,010) | (2,490) | | Office and Miscellaneous | (7,640) | (13,769) | | Fees and Dues | (13,903) | (9,963) | | Training | (2,832) | - | | Accounting and Audits | (54,862) | (49,905) | | Travel | (28,317) | (32,306) | | Insurance | (10,140) | - | | Depletion | (451,843) | (148,507) | | Depreciation | (1,275) | (680) | | Write-down in Carrying Value of Oil and Gas Properties | (108,071) | - | | Write-down of OIL and Gas Property | (405,406) | - | | Interest Expense from Loans Payable | (103,856) | (15,434) | | Interest Income | 4,093 | 18,085 | | Amortization of Premium on Loan Payable | - | 807 | | Investor Relations | (118,916) | (69,722) | | Bank Charges and Exchange Loss | 26,497 | (7,359) | | Earnings before Taxes | (978,490) | (1,055,888) | | TAXES AND OTHER EXPENSES |
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| | Net Income (Loss) | (978,490) | (1,055,888) | | SUPPLEMENTARY INFO |
|
| | Gross Profit/loss | (11,956.00) | (20,266.00) | | Basic and Diluted Eps-continuing Operations | (0.04) | (0.01) |
| | | | Balance Sheet | |
| 2008 | 2007 |
|---|
| CURRENT ASSETS |
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| | Cash and Cash Equivalents | 669,633 | 78,061 | | Accounts Receivables | 15,506 | 38,313 | | Prepaid Expenses and Deposit | 6,186 | 17,617 | | Total Current Assets | 691,325 | 133,991 | | NON CURRENT ASSETS |
|
| | Proved Property | 3,034,750 | 3,076,877 | | Capital Assets (Net) | 2,699 | 913 | | Oil and Gas Properties: Unproved Properties | 34,265 | 584,106 | | Total Assets | 3,763,039 | 3,795,887 | | CURRENT LIABILITIES |
|
| | Accounts Payable | 2,695 | 19,395 | | Accrued Liabilities | - | 10,896 | | Due to a Related Party | 1,769 | 7,286 | | Loan Payable | 272,511 | 50,000 | | Secured Loan Payable | - | 313,402 | | Total Current Liabilities | 276,975 | 400,979 | | NON CURRENT LIABILITIES |
|
| | Loan Payable | 723,857 | - | | SHAREHOLDERS' EQUITY |
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| | Common Stock-par Value | 24,370 | 23,757 | | Additional Paid in Capital | 5,356,194 | 5,011,018 | | Deficit Accumulated during the Exploration Stages | (2,618,357) | (1,639,867) | | Total Shareholders Equity | 2,762,207 | 3,394,908 | | Total Liabilities & Shareholders Equity | 3,763,039 | 3,795,887 |
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| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2009 |
1 | 130,000 | | 2009 |
2 | 80,000 | | 2008 |
1 | 350,000 | | 2008 |
2 | 210,000 | | 2008 |
3 | 230,000 | | 2008 |
4 | 100,000 | | 2008 |
Full Year
| 900,000 | | 2007 |
1 | 20,000 | | 2007 |
2 | 40,000 | | 2007 |
3 | 90,000 | | 2007 |
4 | 100,000 | | 2007 |
Full Year
| 250,000 | | 2006 |
4 | 20,000 | | 2006 |
Full Year
| 20,000 |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | (160,000) | | 2009 |
2 | (210,000) | | 2008 |
1 | (70,000) | | 2008 |
2 | (530,000) | | 2008 |
3 | (60,000) | | 2008 |
4 | (320,000) | | 2008 |
Full Year
| (980,000) | | 2007 |
1 | (250,000) | | 2007 |
2 | (370,000) | | 2007 |
3 | (1,140,000) | | 2007 |
4 | 700,000 | | 2007 |
Full Year
| (1,060,000) | | 2006 |
Full Year
| (508,000) | | 2005 |
Full Year
| (80,000) |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | (.04) | | 2009 |
2 | (.04) | | 2008 |
1 | Nil | | 2008 |
2 | (.08) | | 2008 |
3 | Nil | | 2008 |
4 | (.04) | | 2008 |
Full Year
| (.16) | | 2007 |
1 | (.04) | | 2007 |
2 | (.08) | | 2007 |
3 | Nil | | 2007 |
4 | .12 | | 2007 |
Full Year
| (.20) | | 2006 |
1 | Nil | | 2006 |
2 | Nil | | 2006 |
3 | Nil | | 2006 |
4 | (.08) | | 2006 |
Full Year
| (.12) | | 2005 |
2 | Nil | | 2005 |
3 | Nil | | 2005 |
Full Year
| (.04) |
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