West Texas Resources acquires interest in Gregg County, Texas lease

Friday, February 26, 2016      
 

West Texas Resources, Inc. (OTCQX: WTXR), a Texas-based independent oil and gas company, today announced that it has completed a working interest acquisition agreement with Two Eagles Resources of White Oak, Texas. The agreement involves West Texas Resources acquiring 25% Working Interest (18.75% net revenue interest) in the T.W. Lee Unit No. 1 located in Gregg County, Texas.

J.D. Kerr, CEO of West Texas Resources, said:

'We are very pleased to announce this acquisition. It represents our continuing efforts to identify unique and promising opportunities for the company during these challenging times in the oil and gas sector. We remain active in our efforts to opportunistically pursue additional acquisitions of oil and gas properties and build shareholder value.'


 

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West Texas Resources United States North America Finance Houston


This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More


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