VANCOUVER, BC. Nov 12, 2007 -- Lexaria Corp. (OTC BB:LXRA.OB ) (the "Company" or "Lexaria") announces that it has engaged Dr. David DeMartini of Lone Star Geophysical Consulting to conduct a thorough reevaluation of existing seismic and other technical information.
Since September, Dr. DeMartini has been writing customized software to use in this effort for Lexaria Corp. and is applying it to existing seismic data, to help better understand the structures of the area and assist the Company as it tries to prioritize its many oil and gas targets in the region.
Dr. DeMartini is a recognized expert in several geophysical fields including seismic "bright spot" data analysis. He held various senior positions at the Shell Bellaire Research Center in Houston Texas from 1980 through 1998. He was inducted to the Offshore Energy Center Hall of Fame as a Technology Pioneer last year and was for several years a member of the Dean's Advisory Council of the College of Mathematical and Physical Sciences at The Ohio State University from which he received a PhD in Physics following his B.S. in Physics cum laude from the University of Notre Dame.
Dr. DeMartini is a thorough investigator and prolific author, having contributed to 19 public-domain publications and many more proprietary to Shell.
"Lexaria is fortunate to have been able to attract a geophysicist of Dr. DeMartini's caliber. I whole-heartedly welcome David to our team," said Chris Bunka, CEO of Lexaria Corp.
About Lexaria Corp.
Lexaria Corp. is an oil & gas company active in Mississippi, Oklahoma and in Alberta, Canada. The main focus currently is Mississippi, where it holds between 30% and 50% gross interests in various gas and oil projects. Lexaria routinely evaluates additional oil & gas projects and corporate opportunities.
Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. The Company may not have sufficient funding to thoroughly explore, drill or develop its properties. Access to capital or lack thereof, is a major risk. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings.
Contact:
Contact:
Leonard MacMillan
1-800-287-2885
http://www.lexariaenergy.com
