6:34 | 08.02.2012
Texas Oil and Minerals, Inc. Gives Shareholder Update Regarding FNRA Approved Name and Symbol Change and New Projects under Review for Q 1-2012
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.
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