VANCOUVER, BC--Feb 20, 2008 -- Lexaria Corp. (OTC BB:LXRA.OB) (the "Company" or "Lexaria") announces it has appointed Dr. David DeMartini as Chief Scientific Advisor to the Company.
Dr. DeMartini has prepared customized software and is applying it to existing seismic data, to help better differentiate certain structures to assist the Company as it continues to prioritize its many oil and gas targets in the region. Prior to being appointed Chief Scientific Advisor, Dr. DeMartini had been engaged as a consultant to Lexaria.
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 building its knowledge base of previously overlooked structures in Louisiana and Mississippi and Dr. DeMartini is spearheading our efforts in this regard," said Chris Bunka, CEO of Lexaria Corp.
Investors are invited to visit the Lexaria Corp. IR Hub at www.agoracom.com/IR/Lexaria where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to LXRA@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
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. Such forward looking statements also include estimated cash flows and current and/or future rates of production of oil and natural gas, which can and will fluctuate for a variety of reasons; oil and gas reserve quantities produced by third parties; and intentions to participate in future exploration drilling. The Company may not have sufficient expertise to thoroughly exploit its oil and gas properties. 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
