InvestorsHub Logo
Followers 70
Posts 2693
Boards Moderated 0
Alias Born 05/11/2010

Re: BigBake1 post# 27251

Tuesday, 07/19/2011 10:16:13 PM

Tuesday, July 19, 2011 10:16:13 PM

Post# of 38048
They were domiciled in Texas but moved to Nevada most likely because it's a "business friendly" state. Nevada holds all the weight...Gouger knows this, his family has done business in multiple states for 35+ years. Prove that they can't do business in TX since you are asking it from others. Might want to look up the laws of out of state corporations and the requirements to file in order to operate in the state of Texas, you will find what they are doing is fine.

Texas Oil and Minerals Begins the Work Over of the Four Wells In Brazoria County, Texas, Taking Them to Full Operating Capacity

Bionic Products (PL) (USOTC:BNPD)
Historical Stock Chart
1 Month : June 2011 to July 2011
Texas Oil and Minerals, Inc., ("Texas Oil") (OTC Pink: BNPD) announces that it plans to begin a work over of the four wells located in Brazoria County, Texas. On June 13, 2011, Texas Oil entered into an agreement to purchase a 25% working interest in the Bryan Estate Lease which is part of the Damon Mound Field. Texas Oil and Minerals with their team of geologists and engineers are structuring the procedure for the work-over and wash out of the existing wells on this lease. www.texasoilandmineralsinc.com

"We are excited to begin the work over on the Bryant Estate leasehold," said Texas Oil and Mineral's CEO, Tom Gouger. "The work-over rig and wash tank should be on location within the next three weeks to pull each well and make any repairs that are needed to the rods and tubing. We will then use the tubing to wash down to the top of the sand screen and spot chemical that will dissolve the paraffin. This will be repeated on each well and will take about two weeks to complete."

After completion this should bring them to full field production to an average of 20 barrels of sweat crude oil per day.

"Were excited about the increase in production revenues that will show on Texas Oil and Minerals next quarter balance sheet," added Gouger.



We all have a duty to be bold, to be brave, to strive to live our best life...and to help others along the way do the same!