TX Holdings, Inc. reported that a full operational plan has been drawn up on site by the CEO and President -- the absolute focus is on production. The complete well by well schedule will be developed as we proceed.
Our key functional personnel were briefed to prepare the wells for production. Already the construction of three wells on the Parks lease has been completed and we are ready to pump!
In order to produce and sell we are required to post a bond with the Texas Railroad Commission, this is in hand and for the first time will be done by TX and not by a third party. We are working this week to be fully inspected and compliant with the Texas Railroad Commission requirements. We believe that we will meet the requirements and at that point we will be able to produce and sell our production output.
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