BRIEF-LGX Oil + Gas Inc Q1 shr loss $0.03

Mon May 30, 2016 7:12pm EDT
 
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May 30 (Reuters) - LGX Oil + Gas Inc :

* LGX Oil + Gas Inc. announces first quarter 2016 results

* Qtrly loss per share $0.03

* Should bank not extend loan, co would need to seek alternative forms of debt or equity financing

* Low oil prices, declining production, emergency order at manyberries property may reduce ability to generate positive cash flows

* There is uncertainty surrounding company's ability to continue as a going concern

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Further company coverage: (Bengaluru Newsroom)