Texas Oil and Minerals is Well Positioned to Deliver Solid Financial and Operational Results

HOUSTON, June 16, 2011 /PRNewswire/ -- Texas Oil and Minerals BNPD Shareholder Update:

Texas Oil and Minerals (OTC MARKETS: BNPD), http://www.texasoilandmineralsinc.com, is pleased to report that BNPD profitability has improved further in the third quarter of our 2011 financial year. This is due to our sustained focus on factors within our control -- such as enhancing operational efficiencies, delivering on our business plans and strict cost management.

Robust global commodity prices, supporting healthy margins and improved production volumes will sustain good cash generation as reported in a soon to be released solid balance sheet.

We are excited about our growth prospects in Texas and have already started to benefit from the Damon Field acquisition. We remain committed to increasing shareholder returns through accelerating our well clean out in the South Texas fields while implementing our growth strategy and enhancing the operational efficiencies of our operations. Our strategy to increase oil reserves through exploration and acquisitions that complement our shareholder value proposition remains on track.

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. http://www.texasoilandmineralsinc.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.

Stock Logiq Corp.
Robert Adams
877-648-0004
[email protected]
www.stocklogiq.com

SOURCE Texas Oil and Minerals