Message #2 From:
NewsBot Date: December 8, 2005 02:28:00 AM
LXRS News Lexington Resources Rated 'Buy/4', in Coverage Initiated by Investrend Affiliate SISM Research, with a 12-Month Target Price of $1.75
NEW YORK--(BUSINESS WIRE)--Dec. 8, 2005--(Investrend Research Syndicate) Ernest C. Schlotter, an oil and gas analyst with Investrend Research Affiliate SISM Research, and a four star analyst according to StarMine, has initiated coverage of Lexington Resources, Inc. (OTCBB:LXRS) with a Speculative Buy/4 rating and a 12-month price target of $1.75.
Lexington Resources Inc. is a natural resource exploration company focusing its strategy on the aggressive exploration and development of low-cost/low-risk, high-value Mid-Continent Coal Bed Methane gas in the Barnett Shale in Texas, the hottest onshore gas exploration play in the United States. Its current operational focus is on gas development with an initiative to drill 70-100 wells in the Arkoma Basin in Oklahoma and approximately 30-plus wells in the Barnett Shale. Just recently, Lexington entered into a strategic affiliation with the Texas-based Hunt family trust, Pathways Investments LLP. This affiliation provides top quality leases in the Barnett Shale to the Company.
"Lexington's business strategy is focused on the Arkoma Basin as well as in the Barnett Shale at low per well costs. So far the Company's drilling program was a 100% success and Lexington has diversified its development strategy in Q4 to the Barnett Shale area in Texas, something perfectly in keeping with its low-risk strategy. The Company also intends to acquire a drilling company and subsequently gain control over its drilling program while also securing rigs and minimizing risks in its ambitious drilling activities," said Ernest Schlotter. He then added, "Currently, the stock is under selling pressure because of the announced registration statement that created an overhang in the stock but we believe an investment in LXRS offers investors significant growth in the future."
SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM writes, publishes and distributes research coverage, in both English and German, on micro- to small-cap public companies trading on the OTC Bulletin Board, NASDAQ and AMEX.
Both SISM Research and Investrend Research subscribe to the "Standards for Independent Research Providers." Complete information is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
