Grifco Inc (GFCI)

[10 bagger]

GFCI..

If you haven't enough losses from J.Dial..Here is a brand new opp.. that was funded by GFCI shareholders who receive nothing for thier efforts.. This Pump and Dump was to go into GFCI.. So GFCI shareholders who still believe may buy shares in this new J. Dial company.. And it has the same MO.. No shares are mentioned of is the finanicals.. But the stock acts like GFCI...


1st Texas Natural Gas Company, Inc. Announces Pro Forma 2007 and 2008 Revenue Projections from Gas Wells
1st Texas Natural Gas Company, Inc. (Pink Sheets:FTXN) announced today revenue projections for 2007 and 2008 based on cash flows from its gas wells in Ozona, TX.

With 208 gas drilling sites, we have proven reserves of 109 billion cubic feet of natural gas which is in excess of $700 million dollars (+/- market). We currently have in production 2 producing wells and the third well will be completed within the next 2 weeks. We plan on having a total of 15 wells in production by the end of 4Q07. Drilling operations will ramp up near term with the addition of a second drilling rig.

Our projected cash flow is based on an average price of natural gas at $7 per cubic foot. Because of the quality of our natural gas we get a premium of 21% over spot price of common gas prices. Production is within the upper median for the surrounding wells with a life expectancy of each well of over 30 years. These statistics are based on historic filings with the Texas Railroad Commission by all operators in the surrounding area.

Natural gas is currently selling at $ 6.25 per cubic foot with our gas commanding a premium at $7 per cubic foot or better.

Based on 15 wells in production by the end of 4Q07, we anticipate gross revenues of $500,000 per month. We anticipate bringing on-line and additional 30 wells by the end of the 4Q08. Total monthly gross revenue is anticipated to be $1,300,000 as we close out the 2008 fiscal year.

1st Texas Natural Gas Company, Inc. is based in Conroe, TX with field offices in Ozona, TX and Midland, TX. Through its wholly owned subsidiary, Universal Energy Resources, Inc., the Company has over $700 million (+/- Market) in proven recoverable gas reserves with 208 gas drilling sites in its portfolio. More information is available at www.universalenergyresources.com.

Forward-Looking Statement

The contents of this Press Release may be deemed to include forward-looking statements within the meaning of United States securities laws and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are only predictions and you should not rely on them. Actual results might differ materially from those projected in any such forward-looking statements. Forward looking statements involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by the forward-looking statements. We cannot guarantee future results, levels of activity, performance or achievements. In evaluating forward-looking statements you should consider various factors including risks inherent in the oil and gas business sector.


For 1st Texas Natural Gas Company, Inc.
Investor Relations
Bentley Communications
Trevor Bentley, 888-818-8738
[e-mail]



Source: Business Wire (July 11, 2007 - 8:12 AM EST)

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