Texas Oil Gas PLC
Texas Oil Gas PLC announced today the new Management and Board of Directors
Texas Oil Gas PLC / Key word(s): Change of Personnel FOR IMMEDIATE RELEASE July 23, 2012 Glasgow Kentucky, USA Texas Oil & Gas PLC Frankfurt Stock Exchange Symbol (OG2:GR) announced today the new Management and Board of Directors Texas Oil & Gas Plc. Is an independent oil and gas company with interests and operations In the WESTERN KENTUCKY REGION OF THE UNITED STATES, WESTERN PART OF TEXAS & Eastern rim of the BAKKEN SHALE OF NORTH DAKOTA. TEXAS Oil and Gas PLC, typically focuses on organic growth opportunities with low finding costs, creating and then exploiting an inventory of lower – risk development /resource opportunities. Key to our success is the use of 2D and 3D Seismic evaluations with vertical and horizontal drilling techniques. A large part of the companies Drilling inventory consists of unconventional resource plays targeting both oil and gas. Our investment focus is rate of return oriented, and resources are allocated to exploration or acquisition as conditions warrant. Most recently, we acquired three leases in WESTERN KENTUCKY ON OVER 500 ACRES OF PRIME PROVEN DEVELOPMENTAL PROJECT LEASES WITH THE OPPORTUNITY TO DRILL 80 TO 100 WELLS THAT ARE SHALLOW DRILLING ZONES WITH MULITPLE ZONE PLAYS. Texas Oil and Gas Plc have significant drilling inventory and long term assets in NORTHDAKOTA, TEXAS, KENTUCKY AND KANSAS. WE WILL CONTINUE THE LONG TERM STRATEGY OF FUNDING EXPLORATION WITH CASH FLOW WHILE PURSUING LOWER RISK ACQUISITIONS WHEN APPROPRIATE. Mr. Martin Kleinman Chief financial Officer, President and Chairman of Board Mr. Kleinman brings 30 years of experience in the oil and gas business from the development and implementation of lease acquisitions and the expansion of mineral leases in Kentucky, Kansas, Texas, Oklahoma, Tennessee, New Mexico & Colorado. Mr. Kleinman brings his accounting background to Texas Oil and Gas PLC, having worked in public accounting for many years as an oil and gas accountant For Merrill Lynch in New York. Mr. Kleinman was involved in evaluations of many oil and gas partnerships. He is a seasoned professional in negotiating lease development properties with future expansion results from the ground up. Mr. Kleinman is involved with lease agreements and implementation of equipment to expand the lease or leases to their full potential. With his experience Mr. Kleinman brings the knowledge of many years of successful oil development projects to TEXAS OIL & GAS PLC. Mr. Kleinman went to the University of New Mexico and received a degree in accounting and a Master degree in accounting from Adelphi University. He has worked for over ten years in Public accounting in the oil and gas accounting and development sector. Mr. Rick Bell Vice President and Vice Chairman of Board Texas oil and gas plc Frankfurt exchange symbol (OG2:GR ) For More Information Contact: FSE Law Firm Att: Robert Glass info@fselaw.com End of Corporate News 23.07.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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