Texas Gulf Energy, Inc (TXGE)

[armyrules]

$TXGE News. Houston, TX - Texas Gulf Energy, Inc. (OTCQX:TXGE) Chairman and CEO David Mathews announced today “Texas Gulf Energy, Inc. is pleased to report that the company reported record audited basic earnings per share of $.04 cents per common share versus a loss of ($.09) per common share in 2010. Our cash on hand at December 31, 2011 totaled $2,747,880, with $4.4 million in accounts receivable and a receivables financing line available of up to $5 million. Texas Gulf Energy is well positioned to pursue our continuing vertical expansion into the energy markets in 2012. However, we could not have accomplished these excellent results without the financial support of our investors in conjunction with an outstanding performance by the entire Texas Gulf Energy team. Texas Gulf Energy looks forward to reporting another excellent year in 2012; investors should read our 10K in its entirety, but selected excerpts from the 10K discussing our 2011 audited results of operations are shown below.”