Lithium Exploration Group Poised to
Take Advantage of Saudi Arabian Turmoil and the Impact on Global
Oil Markets
Phoenix, AZ November 8, 2017 The CEO of Lithium Exploration
Group Inc. (USOTC: LEXG) believes that the recent
unrest in Saudi Arabia, the leading OPEC
producer, will finally unlock the price increase that the oil
market has been waiting on for the past two years. LEXG has
invested in an oil and gas project in Louisiana and is hoping to
reap the benefits of the significant increase in oil prices that
have occurred over the past few days.
"We believe that the substantial decline in oil and gas pricing
in 2015 went way too far and we believe that the stagnation of
pricing in the $50 range for the past 18 months is undervaluing the
commodity," commented CEO Alex Walsh. "This is an asset class that
a mere ten years ago was in the $150 range and lots of very smart
analysts thought it would be headed for $200 at the time. I think
that the recent "shock to the system" will get oil prices to $70
very soon and I think they will hold between $60 and $70 for some
time. I don't see $100 oil in the near future, but the investment
we have made in the industry is very profitable at $50 oil so, if
the market can hold above $60, this is going to be a huge home run
for us."
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 testing the Sonic Cavitation Ltd. technology
and the acquisition of oil and gas related assets in the US and
Canada. Lithium Exploration Group is traded on the OTC Markets
under the symbol LEXG.
Website: www.lithiumexplorationgroup.com.
Safe Harbor Statement
This news release contains "forward-looking statements".
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future
testing of the ultrasonic technology.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of lithium
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Contact Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com