Larry Oakley's Comment

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Current Larry Oakley's Comment:

Date Posted: 10/23/14

Lithium Exploration Group (OTC QB: LEXG)

LEXG, one of our clients, issued another news release this morning regarding the CEO’s personal investment in the company.

Here’s what it published:

Lithium Exploration Group CEO Purchases 2,500,000 Shares of Stock

PHOENIX, AZ / ACCESSWIRE / October 23, 2014 / Lithium Exploration Group, Inc. (LEXG), announced that CEO Alex Walsh purchased 2,500,000 shares of common stock yesterday in the open market. By making the purchase, he will be unable to sell any of his share holdings for a minimum of six months.

"Yesterday I asked all of the folks that have interest in our company to have patience as we get through the next few quarters and stated that I believe our company is undervalued right now. After discussing that with a few of our folks internally I decided to make my own purchase of LEXG stock to show that I back my statements with action," commented CEO Alex Walsh.

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. Lithium Exploration Group is a fully reporting company traded on the OTCQB under the symbol LEXG. Website:

Contact Info.: Shanon Chilson 480-641-4790


1. Over the past week Alex has done everything that a really innovative CEO would do to develop a very successful emerging operation. He is addressing shareholder concerns, is showing confidence in his company by buying shares on the market, and is describing how he plans to show significant increases in revenues during the company’s upcoming 10-Qs. I believe the revenue may be close to $2 million and frankly, that is without the refining capability of the Technology!

Here is a similar company that I have been told has NO technology, & is currently trading at about $2.86:

Enservco Corporation (NYSE MKT: ENSV), through its subsidiaries, provides oil field services to the onshore oil & natural gas industry in the U.S. It offers fluid management services, including water/fluid hauling, frac tank rental, & disposal well services; well enhancement services, such as hot oiling, acidizing, frac heating, & pressure testing services for assisting in the fracturing of formations for newly drilled oil & natural gas wells; & maintaining & enhancing the production of existing wells; & well site construction & roustabout services. As of March 5, 2014, the company owned & operated a fleet of approximately 230 specialized trucks, trailers, frac tanks, & related well-site equipment. It operates in the Eastern U.S. region, including the Southern region of the Marcellus Shale formation & the Utica Shale formation in eastern Ohio; Rocky Mountain Region, including western Colorado & southern Wyoming, & western North Dakota & eastern Montana; & the Central U.S. region, including southwestern Kansas, Texas panhandle, northwestern Oklahoma, & northern New Mexico. Enservco Corporation was founded in 1974 & is headquartered in Denver, CO.

2. One of LEXG’s previous news releases, issued on 8/11/2014, mentioned that 316,722 barrels were handled by part of its operation during the very slow season of January through June due to bad weather. That volume, near the then current market price of $1.25 equated to over $395,000. Based on doing better during the last half of the year when weather conditions are much better, one might figure that LEXG could possibly generate over $1,000,000 revenue this year from one facility alone.

Here’s the Text of LEXG’s 8/11/2014 News Release:

LEXG recently updated shareholders via a news release issued 8/11/2014 on the disposal volumes at Tero Oilfield Services. Tero disposed of an average monthly volume of 6,299 cubic meters of Class 2 & Class 1b fluids for the first six months of the calendar year (January through June). In fluid barrels that is the equivalent cumulative disposal volume of 316,722 barrels of third-party fluid. This does not include the additional solid waste processing volumes or skim oil production for the same time period.

In March of this year, LEXG acquired 50% of Tero Oilfield Services (Wardlow Facility) with an option to acquire an additional 25% before March 2015. As reported previously, the facility is also in the process of expanding its product offering to include the treatment of third-party oil, on which it hopes to have final approval in the 4th quarter.

"We are very proud of Tero's performance in the first six months of this year, particularly because the first two quarters are traditionally slower than the final two quarters. They had to deal with one of the harshest winters on record, & April & May are always slow because access to remote sites is limited while the ground thaws during what is known in Alberta as 'break up,’ ” commented CEO Alex Walsh. "Last year Tero did twice as much volume in the second half of the year. If that trend continues, this will be a banner year for its operation. We are lucky to have such good partners as operators of that facility, & we look forward to it being the flagship of our disposal business for years to come.”

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