Texas Petroleum Inc. / Key word(s): Miscellaneous
Texas Petroleum Inc.: ANNOUNCES WKN, PENDING LISTING ON THE FRANKFURT STOCK EXCHANGE
01.12.2010 / 17:50
PRESS RELEASE
TEXAS PETROLEUM INC. – ANNOUNCES WKN, PENDING LISTING ON THE FRANKFURT STOCK EXCHANGE
GRANDE PRAIRIE, AB – Wednesday – December 01st, 2010: – Texas Petroleum is a fully owned subsidiary of GRIT International Inc., US (3GR1:F) a Canadian based company registered in the State of Nevada. The company's objective is to acquire potential targets in the oil and gas industry, located throughout Texas and neighboring states through Corporate M&A strategies and an international focus on emerging markets. In the near future a presence in the province of Alberta, Canada will also be expanded upon.
TEXAS PETROLEUM is pleased to announce that is has received its WKN Number A1H388 and will start trading on the Frankfurt Stock Exchange as early as December 2010. Texas Petroleum has the ISIN Number: CA8826521004. The ticker symbol will be announced shortly. Information about the company will soon be available on the website: http://www.texas-petroleum.com.
As this is the first press release for the company, we are proud to announce the opportunity that the parent company has made available to all GRIT shareholders, who retain GRIT shares on the record date of December 31st, 2010. GRIT shareholders on this date will have the opportunity to acquire an equal Texas Petroleum Share for a share price of EUR0.01. All details have been addressed in GRIT International Inc., past press releases, and the website, www.gritintl.com .
This past week the management of Texas Petroleum Inc, attended the German Equity Forum that was held in Frankfurt Germany. The company met with shareholders, developed further awareness for the company in Germany, and met with representatives of potential acquisition targets domestically and internationally. Texas Petroleum website is now online, and the company anticipates the trading of the shares to come out at EUR0.75 per share.
ABOUT
TEXAS PETROLEUM INC.
GRIT's first subsidiary spin-off company which is domestically and internationally focusing on the acquisition(s) of producing Oil & Gas Fields, with proven barrels in reserves as a fundamental criteria. Domestically the company will focus on Texas Oil Reserves, noting the areas such as East Texas Oil Fields which have produced 5.2 billion barrels of oil since its discovery. Internationally focus will be in the emerging markets with particular attention being addressed to the networking connection of Ariva Resources, in the Western African Regions. Texas Petroleum foresees a tremendous growth opportunity into these areas and will become a major supplier of petroleum products.
GRIT INTERNATIONAL INC.
GRIT International Inc., is a Canadian based company registered in the State of Nevada, US; -Diversified Industrial Services Company, offering Support Services, Utilities, Oil & Gas and Mineral holdings. The businesses that make up GRIT INTL – Integrate amongst each other providing a present revenue from the energy industry and also seeks out Environmentally Sustainable solutions in nuclear energy, renewable resources in bio-waste and other alternative fuels available at present time. GRIT foresees expanding its divisions from an international to that of a Global services provider. Texas Petroleum Inc., is a subsidiary of GRIT International Inc.
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Contact: Texas Petroleum Inc.,
Investor Relations
Website: www.texas-petroleum.com;
E-mail: info@texas-petroleum.com
A : Suite 2020
3- 9899 112th Avenue
Grande Prairie, Alberta
T8V 7T2 Canada
Investor Relations – German
Mr. James Stewart
P: +49 (0) 2161 49694870
E: jstewart@texas-petroleum.com