TX Holdings Inc. Reports Area One Producing Truckload Each Week
Wednesday July 3, 9:00 am ET
ABILENE, Texas--(BUSINESS WIRE)--TX Holdings, Inc. (OTCBB:TXHG - News) reported the following brief update today pertaining to production.
TX Holdings is pleased to report that Contract Area One is now producing a truckload of oil per week out of that region. This production equates to approximately one hundred seventy barrels (170 bbls.) per week.
The Company’s Contract Area One (C/A1) consists of four (4) leases totaling 247 acres. These leases are:
| "Roy Adams" (160 acres); |
| "Isenhower" (20 acres); |
| Isenhower Estate "C" (22 acres); |
| and the W. Isenhower Estate. |
C/A1 is estimated to have 85,000,000 gross bbls. of oil with 36,000,000 net bbls. of oil recoverable.
Mr. Shrewsbury stated, “We should have a good year, and I want to thank all our loyal shareholders for their continued support, and want to wish all a very happy Independence Day holiday weekend.”
William "Buck" Shrewsbury
Chairman of the Board of Directors
FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof.
TX Holdings Inc., Abilen
Investor Relations:
Frank Shafer, 606-232-0671
http://txholdings.com/
Source: TX Holdings, Inc.