Management is excited by the opportunities presented by the proposed acquisition as it will, when completed, further diversify the portfolio of oil and gas prospects being explored by the Company, which include: its farm-in with Suncor et al on the Chinchaga Prospect in Alberta, Canada, and its large 120,000-acre Maverick Springs "conventional and shale prospect" in Nevada, USA. The diversity offered by the proposed acquisition is in keeping with management's goal to find, explore and develop large "blue-sky-elephant" type prospects and "near-term," low-risk, drilling and developmental prospects.
Management looks forward to reporting on the progress of its proposed acquisition as it proceeds.
Texola is an emerging, growth oil and gas exploration company focused on providing exceptional shareholder value and appreciation by finding, exploring and developing large-scale, early-stage oil and gas projects in North America.
To achieve this goal, the Company has recently undertaken various exploration initiatives, one of which is an early-stage exploration prospect in Nevada, USA, and the second is located in Northern Alberta, Canada. Both of these projects offer the Company the potential to exploit and develop large, world-class reservoirs.
Most Popular Articles
From the Career Center
Jobs that may interest you