Texhoma Energy Texhoma Energy, Inc. builds, acquires, operates and invests in new era companies. Current activities include the acquisition, exploration and production of crude oil and natural gas, which is already capture in the New Era culture. Texhoma Energy, Inc., incorporated on September 28, 1998, is an oil and gas company. The Company is engaged in the acquisition, exploration and development of crude oil and natural gas properties. The Company holds interests in approximately five oil wells located on the Shooter 916 lease located in Ochiltree County, Texas
The Company holds interests in the Tonto North 390 B Number 3 well located in Scurry County, Texas. The Company has various non-operated working interests in approximately eight wells located in Gregg and Upshur Counties, Texas. The Company may invest in non oil and gas acti
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=164579 TA Verified SS 03/28/2017 Authorized 2,500,000,000
Outstanding 1,835,541,000 "August 31, 2016 the Company successfully renegotiated all of its outstanding convertible promissory notes to extend the due date for one year, with all expiring August 31, 2017. In some cases, the Company was also granted a waiver of all interest accrued to date and future interest accrual." http://www.texhomaenergy.com/index.html Verified Company Profile 1/23/2017
24624 I-45 North #200
Spring, TX 77386
Nicolo Golia Bedendo - CEO
Pamela Cooper - Controller
On November 30, 2016, Mr. William M. Simmons resigned as Officer and Sole Director of the Company and effective immediately.
Mr. Nicolo Golia Bedendo was appointed to act as interim CEO, President and Sole Director.
NEVADA SECRETARY OF STATE
TXHE — Annual Report 12/29/2016
TXHE — Attorney Letter with Respect to Current Information 01/13/2017
SPRING, Texas, July 1, 2014 /PRNewswire/ -- Texhoma Energy Inc. ("Texhoma") (OTC Pink: TXHE) announced that it has signed a letter of intent (LOI) with Southridge Partners II, LP, ("Southridge"), an institutional investor, outlining terms for an equity purchase agreement (EPA) in the amount of $5 million, which if funded, will create significant growth capital to Texhoma.
Under terms of the LOI, upon execution of the EPA, and subject to certain closing conditions (including those described below), Texhoma will have the right, not the obligation to sell, from time to time, up to $5 million of its common stock to Southridge at a discount to the then trading price of its common stock, under terms deemed favorable by management, by submitting a Draw Down Notice in an amount that the company determines.
Prior, Texhoma will need to have obtained effectiveness of a Form S-1 registration statement with the SEC, which process it plans to initiate in 2014, funding permitting.
"We are pleased to be partnering with Southridge, an institutional investor with a long, reliable history of providing capital to the small cap space. We believe that the terms of this agreement are favorable to our shareholders and provide Texhoma with the best opportunity to execute its business plan and deliver long-term shareholder value and are thankful for the confidence Southridge has shown in Texhoma," commented Gilbert Steedley, CEO of Texhoma.
"Texhoma Energy, Inc., with its recent collaboration agreements and its progress in improving its debt to asset ratio, provided us with the confidence necessary to commit to provide growth capital. We are excited to partner with Texhoma and its seasoned management as they execute their strategy," commentedStephen Hicks, Principal and CEO of Southridge.
The closing of the transactions is subject to the parties entering into definitive agreements, Texhomabecoming a fully-reporting company and filing a registration statement to register the shares issuable in connection with the EPA, among other things, the timing and final terms and conditions of which are currently uncertain and may not be completed.
Southridge is a diversified financial holdings company that specializes in funding and advising small cap and growth companies in the public markets. Since 1996, the structured finance team at Southridge has made direct investments of over $1.75 Billion in over 300 companies globally. Southridge advises smallpublic companies on a wide variety of corporate issues from the process of becoming a public company, to individualized financing techniques, to optimized balance sheet management. For further information about Southridge, visit www.southridge.com.
About Texhoma Energy, Inc.
Texhoma is engaged in the acquisition, exploration and production of oil and natural gas. The company seeks to replenish its oil/gas holdings in accordance with its oil/gas tradition as well as other non-oil/gas opportunities as they arise. For further information about Texhoma, visit www.texhomaenergy.com.
Texhoma Energy, Inc.
24624 I-45 North, Suite 200?
Spring, TX 77386
Phone: 281 719 1995