I realize this is a super late answer. LXE has interesting geology but I suspect they are too small, barring higher oil and gas prices, to do too much although they have promise. They have survived thus far which is amazing and it would be interesting to see what they can do with their new 4 well pad heading into the heating season.
That being said the BC NDP seem perfectly happy to live in an environment of regulatory uncertainty since that plays well to their urban voters. With that in mind the government have also instituted a review of oil and gas royalties in BC. Since this is the NDP I don't expect reason to win out over greed. So it may be better to deploy capital into AB with the many names that are domiciled there or a company like VET which has international exposure.