Exterra Energy, Inc. Updates Merger Activity
AMARILLO, Texas--(BUSINESS WIRE)--Exterra Energy, Inc., (OTCBB: EENI) announced today an update on its intent to merge with a qualified merger candidate.
Robert Royal, Chairman, stated, “We have reviewed several potential merger candidates since we last announced our intentions to merge Exterra Energy, Inc., with a company with greater assets and revenues. We have narrowed our search to a few merger candidates and are completing joint due diligence. We are confident that when a merger candidate is chosen it is believed the combined companies would generate revenues and contain assets to take the company to the next level and maximize shareholder value.”
Commenting further, Mr. Royal said, “Our intent is to bring into the company additional oil and gas assets and professionals to the management team which will help fuel our long term growth.”
