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NewsBot Date: December 5, 2005 02:30:00 AM
LXRS News Lexington Resources Coverage Initiated By Investrend Research Affiliate SISM Research
NEW YORK--(BUSINESS WIRE)--Dec. 5, 2005--(Investrend Research Syndicate) Investrend Research affiliate SISM Research is initiating coverage on Lexington Resources Inc. (OTCBB: LXRS).
Lexington Resources Inc. is a natural resource exploration company focusing on the aggressive exploration and development of low-cost/low-risk, high-value Mid-Continent Coal Bed Methane gas and 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 approx. 30+ wells in the Barnett Shale. Recently, Lexington entered into a strategic affiliation with the Texas-based Hunt family trust, Pathways Investments LLP. This provides top quality leases in the Barnett Shale to the Company.
Ernest C. Schlotter, senior securities analyst covering energy stocks with SISM Research & Investment Services, Zurich, Switzerland, a four star analyst for EPS estimate accuracy according to the tracking firm StarMine, said: "Lexington has teamed up with very strong alliance partners and its strategy is to build a robust oil & gas company focusing on very well know areas, and to execute exploration and development programs at low-risk and low-cost. So far, the company has enjoyed a 100% success rate.
"For a fast growing company like Lexington Resources Inc., it is very important to be in control of the timing, the drilling and development process associated with strict cost control.
"The company's direct involvement in the drilling business will allow it to more efficiently develop its properties, especially those in the Barnett Shale region. In our view the Barnett Shale, as the centerpiece of Lexington's futures business activities, will not only offer the company's shareholders tremendous opportunities, it will also offer Lexington a base for further business developments in the region."
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.
This coverage is geared toward institutional and individual investors in both North America and in German-speaking Europe, a market that represents more than 100 million people. SISM Research is a content provider to Thomson Financials OneAnalytics/FirstCall and Investext, to Reuters Multex, and Investrend.
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.
Anyone interested in receiving alerts regarding Lexigton Resources research should email contact@investrend.com with "LXRS" in the subject line.
Lexington Resources Inc. pays SISM Research $1,750 per month over a two-year period solely to ensure independent coverage.
