OTC Bulletin Board S & P Company Insight for LEXARIA CORP
Profile
	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
Background
	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.
Management
	Management Officers Position  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
Annual Report
	Annual Report   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 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 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 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
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ 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)
Stock Data
	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   DIVIDENDS: Common $0.001 par: None.