Lithium Exploration Group Inc. (fka LEXG)

[TruckingAngler]

LEXG : "Assets in Oil Fields":
Per below PR on 5/13 : Alex Walsh - CEO is in Texas THIS week, and will have updates....Likely PR end of week or early next...?

PHOENIX, AZ / ACCESSWIRE / May 13, 2016 / Lithium Exploration Group Inc. (OTCPINK: LEXG) CEO Alex Walsh updates hareholders on company activities.
Dear Shareholders,
We have spent the past month getting prepared for testing of the oil unit but I think it is an appropriate time to bring everyone up to speed on where we are and what we are trying to accomplish this summer.

Oil Unit:
We have had the generator and motor mounted and delivered to a testing facility outside of Houston, TX. The folks there are finalizing a testing vessel that meets our needs and over the next few weeks will complete the piping to ready the oil unit for testing. Our goal is to be able to test it at the assembly facility with different crude oil inputs to gather performance data. After that round of tests is completed, we hope to be able to move the unit to the field for onsite testing.

We have built a thesis around the ability to upgrade field oil to pipeline specifications, eliminating the need for chemical or outside heat. The secondary benefit of the reaction that takes place in the generator is that it will break down the crude oil, cracking the hydrocarbon chain and making it more valuable when sold to the refinery. We intend to have an independent engineering firm validate all of the testing variables which we will be able to share with the public as we get ready for commercial deployment.

The exact sales model is still to be determined, but it will be put in place at the direction of our partners at Sonic Cavitation once we have all of the data inputs.

Water Unit:
The water unit is also being prepared for onsite testing at a facility that presently treats various waste-water streams outside of Houston, TX. The Sonic Cavitation team is working hand-in-hand with this company to test the water unit's capabilities as part of their water treatment process. We will continue to update you on that progress through the summer.

Oil Assets:
As I announced last week we have identified what we believe to be an outstanding investment in an oil field. It will allow us to not only collect revenue from the existing production, but will also be somewhere that we can field test the oil unit on production that we control.

Additional Opportunities:

We have explored a few different opportunities to add to our efforts at LEXG. Some of them are chemical companies that need access to the Canadian and US markets where we are well connected and others are emerging oilfield technologies. We have not done anything to date but, given our extensive knowledge of the industry and distribution capabilities, we will continue to explore all opportunities that can lead to revenue and enhance LEXG's ability to generate profits.

I am headed to Houston next week and should have a good handle on progress by the time I get back. As always, I appreciate your patience and support in all of our efforts.
Sincerely,
Alex Walsh - CEO - Lithium Exploration Group"

About Lithium Exploration Group :
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused on its Western Canada lithium assets, testing its Ultrasonic Generator Technology and the acquisition of oil and gas related assets in Western Canada. Website: www.lithiumexplorationgroup.com.
https://finance.yahoo.com/news/lithium-exploration-group-ceo-distributes-130000718.html

LEXG identifies Oil Investmanet (5/10/2016) :
https://finance.yahoo.com/news/lithium-exploration-group-identifies-oil-130000516.html

LEXG been giving updates every 2-3 weeks ! : http://www.lithiumexplorationgroup.com/

GLTA
...
....
...
...