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South Texas Oil Company (fka STXXQ)

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Last Post: 12/10/2013 6:27:59 AM - Followers: 16 - Board type: Free - Posts Today: 0

http://www.southtexasoil.com/main_corporate.htm MODERATORS DISCLAIMER:http://investorshub.advfn.com/boards/read_msg.asp?message_id=28088889 South Texas Oil was formed for the purpose of development and operation of oil properties with proven reserves. The Company’s strategy is to focus in domestic areas where major oil and gas producing companies have reduced their exploration efforts to move offshore and overseas in search of the larger reserves. South Texas Oil’s initial development strategy has been to acquire such proven fields and attempt to increase production and the exploration of other proven formations in the same fields. South Texas Oil’s primary operational strategy includes the operation of its own projects, giving it substantial control over drilling and production costs. The Company plans its future growth through a balance of acquisition of working interests in existing wells and leases, increased production on current leases and new drilling on current leases in accordance with new State of Texas guidelines of one (1) well per ten (10) acres, as opposed to the previous ratio of one (1) well per twenty (20) acres. This latter strategy of in-fill drilling affords the most potential for the Company. The new guidelines will allow us to place new wells between existing wells that have previously produced or are currently producing oil. The Company serves as operator with respect to these properties acquired pursuant to association contracts in which the Company obtains a controlling interest or holds the largest ownership interest. It is anticipated that the Company will also participate in the development of properties operated by third parties and in some cases may delegate operations to a third party. AUSTIN, Texas, Feb. 19 /PRNewswire-FirstCall/ -- South Texas Oil Company (Nasdaq: STXX) today announced that it has concluded the signing of a definitive gathering, processing and marketing contract for its Bastrop Field natural gas volumes. The contract is in place with a natural gas pipeline subsidiary of DCP Midstream, LP transmission company and allows for the first time for sales of the Company's natural gas in Bastrop. At approximately 1,500 BTU/cf, Bastrop Field associated gas is high-BTU and liquids-rich, allowing for further revenue by stripping the liquids from the natural gas. South Texas Oil begins to sell initial volumes of 150 thousand cubic feet per day (Mcf/d) of natural gas to 200 Mcf/d prior to July 31, 2008, according to the agreement. As part of the contract terms, South Texas Oil Company is responsible for $186,000 of capital investment in the project, for which it will receive a repayment over time if 220,000 Mcf of gas is produced within two years of first sales at $0.25/Mcf. There are no minimum volume commitments and as gas volumes increase, the infrastructure will be improved to meet the field's throughput requirements. A/S- 50,000,000 the float is supposed to be only approx. 8,000,000 until sept. there was 1 producing well , from sept.-oct. there is an additional 5 wells producing
#417   Starboard Resources - Same losers that ran South Lights_OUT 12/10/13 06:27:58 AM
#416   STXXQ revoked: Renee 10/01/13 09:49:53 AM
#415   STXXQ SEC Suspension: Renee 09/10/13 09:50:45 AM
#414   starboard resources chops 10/19/12 05:35:43 PM
#413   All right...They are a Shell Oil Co. now???? ohiotom 08/14/12 04:50:57 PM
#412   Tom, do the research chops 08/12/12 08:50:48 PM
#411   when they was no news or anything to ohiotom 08/12/12 01:14:37 PM
#410   no photos?...... ohiotom 08/12/12 01:04:02 PM
#409   When did this become a real estate site? chops 06/01/12 08:45:01 PM
#408   I have a Beautiful Country Home Ranchette guiia 05/31/12 02:03:52 PM
#407   If they still do they have 25,244 acres chops 05/30/12 06:32:42 PM
#406   I wonder chops 05/30/12 08:38:21 AM
#405   When are they going to get out of BK? mo 1 07/25/11 09:21:55 AM
#404   Well JB chops 05/07/11 08:13:25 AM
#403   Wow, early sell then bounce right back up, ChitForBrains 05/03/11 11:30:48 AM
#402   Making a move today! chops 05/02/11 04:45:27 PM
#401   Not accusing anybody of anything. I guess it chops 03/08/11 09:50:51 AM
#400   Why would Shaw or myself make it up, JBJD 03/08/11 09:21:38 AM
#399   update Edward Shaw was the V.P of operations at chops 03/07/11 05:36:16 PM
#398   This does not sound right.Wikipedia states Impetro resourses chops 03/07/11 04:28:16 PM
#397   Impetro not involved with STXXQ, ignore prior posts JBJD 03/07/11 02:21:21 PM
#396   Hard to say, it ran to .22 a JBJD 03/07/11 12:16:13 PM
#395   what do you think this could run to? chops 03/07/11 12:10:42 PM
#394   No problem, this one still under the radar JBJD 03/04/11 02:35:44 PM
#393   Thanks for the info, chops 03/03/11 05:13:12 PM
#392   Oil and Gas Prooration Schedule March 2011, showing JBJD 03/03/11 01:24:01 PM
#391   Impetro active as of Dec. 2010: JBJD 03/03/11 01:16:08 PM
#390   Some info on website owners: JBJD 03/03/11 01:07:55 PM
#389   What is up with STXXQ? Are the buxmaker 03/03/11 10:48:18 AM
#388   Nothing recent chops 02/25/11 12:29:00 PM
#387   Chops .... where have you found any recent rmanton 02/25/11 09:48:02 AM
#386   Thanks for posting. rmanton 02/25/11 09:32:39 AM
#385   Anybody think chops 02/25/11 08:13:41 AM
#384   HT ... just drove in from Houston a rmanton 10/28/10 07:39:34 PM
#383   Wow, this has some 5y chart on it.. hang ten 10/27/10 09:24:37 AM
#382   With the q on the symbol are they OilStockReport 10/26/10 12:16:48 AM
#381   Sorry .. . for reasons I forget I rmanton 10/25/10 05:59:23 PM
#380   Can anybody please tell me if this stock karibik 10/25/10 02:20:06 PM
#379   Read were they changed to Chapter 7 in March. rmanton 09/11/10 04:31:29 PM
#378   they got pumped really hard last year think sleepingGiants 08/07/10 10:53:09 AM
#377   Hey I just came across this board tonight, CashCowMoo 08/03/10 02:15:19 AM
#376   Up 50% on 486,000 + shares chops 07/27/10 06:01:48 PM
#375   0.03 in the short term?! Derekz 07/06/10 01:01:23 PM
#374   Chart indicators are looking good. No price movement yet. Derekz 06/25/10 03:08:36 PM
#373   MM ABLE w/ a huge bid @ .06 monda2frida 03/08/10 02:12:35 PM
#372   Hasn't dropped back as far as I would retireat40 03/08/10 07:22:11 AM
#371   AWESOME! Arnold25764 03/07/10 03:51:09 PM
#370   LOL!!! deucthland nice place budd yeah if you BULLISH_TRADER 03/05/10 08:22:37 AM
#369   OT: You in Germany alot..? I have been Iron Maiden 03/05/10 07:46:50 AM
#368   cool budd congrats on your STXXQ profits... BULLISH_TRADER 03/05/10 07:44:26 AM
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