Texas Oil and Minerals Announces Expansion Plans in the Upper Wilcox Formation
HOUSTON, Oct. 13, 2011 /PRNewswire/ -- Texas Oil and Minerals (OTC MARKETS: BNPD), http://www.texasoilandmineralsinc.com announces today they have commenced an evaluation of the prospect of acquiring an additional 156 acres that adjoins the prospective 227 acre lease block in DeWitt County Texas, a well-known oil and gas producing area. Upon completion, this additional acreage, with the original 227 acreage block, will substantially increase the prospect reserves in the Upper Wilcox formation. In addition, it will bring into play the shallower Yegua Sand, providing the Company a block of acreage large enough to drill a test well to the Middle and Deep Wilcox Sands at approximately 10,000 feet.
About Texas Oil and Minerals (BNPD)
Texas Oil and Minerals creates value by acquiring and exploiting reserves in fields specifically targeted for oil and high-rate return North American clean burning natural gas. We are involved in prospects that range in value from $1,000,000 to $50,000,000, which include seismic and land projects, drilling prospects and the purchase of producing properties. Our team is comprised of highly skilled industry professionals who leverage their knowledge toward the success of our business. With more than three generations of collective experience, this team of professional and talented production personnel can provide innovative exploration and development solutions focused on creating exceptional returns in oil and gas through acquisition and exploration. www.texasoilandminerals.com
Safe Harbor Statement:
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INCL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements
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SOURCE Texas Oil and Minerals
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