Texas Oil & Minerals, Inc. Gives Shareholder Update Regarding FNRA Approved Name & Symbol Change & New Projects under Review ...
February 08 2012 - 12:34AM
Business Wire
Texas Oil & Minerals (PINK SHEETS: BNPDD)
enthusiastically announces that FINRA has completed the company’s
name and symbol change. Within the next fifteen (15) business days
the new symbol should go into effect as TOMI.PK. Texas Oil
& Minerals is delighted to have gone through this
administrative process. Moreover, the company is thrilled to see
effective progress made toward executing its 2012 plan of business
with guidance from the executive team as they help move things
along swiftly and efficiently to comply with all the new changes in
the Micro-cap industry.
Texas Oil & Minerals has also expressed enthusiasm on the
company’s headway towards its first capital raise to aid in funding
some of their long waited prospects in the rich Texas oil and gas
fields.
As an advantage, CEO, Mr. Tom Gouger has many years of
experience in the oil and gas sector. His knowledge and hands-on
approach of the industry is allowing him the ability to “cherry
pick” new endeavors for the company.
One such endeavor that the company is currently entertaining is
a lease in the Southwest Cook Field. This field and others in the
surrounding area have produced primarily from the Wilcox Sands. The
Cook Field produced 5BCF of gas with 11,000 barrels of oil, The
South Cook Filed produced over 67 BCF of natural Gas and 430,000
barrels of oil and the Gun Point Field has produced 44BCF of gas
with 350,000 barrels of oil.
About Texas Oil and Minerals (BNPDD)
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.
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 "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.