AUSTIN, Texas, Aug. 31, 2017 (GLOBE NEWSWIRE) -- SmallCapVoice.com, Inc. (SCV) and West Texas Resources, Inc. (OTC:WTXR), a Texas-based independent oil and gas company, today announced that a new audio interview with the Company, is now available. The interview can be heard at http://smallcapvoice.com/blog/8-30-17-smallcapvoice-interview-with-west-texas-resources-inc-wtxr.
William A. Sawyer, the CEO of WTXR, called in to SmallCapVoice.com to go over the business model, strategies, management and advisory team, recent highlights and much more in this new interview. Recently the Company announced the execution of a letter of intent to acquire oil and gas properties from an independent oil and gas company in Bakersfield, California. The acquisition, mostly oil properties, is located in Kern County, California. WTXR will be paying approximately $4 million in cash and stock for what is estimated to be $50 million in proved reserved as determined by an accredited oil and gas engineering firm. These are producing properties.
While discussing the goals for the Company in 2017 and 2018, Mr. Sawyer had this to say, “Our goal is to acquire undervalued properties and optimize their performance and underlying assets. That is already starting to happen this year. These moves will increase our value as a company dramatically. We appreciate the opportunity to share our story with our shareholders and the SmallCapVoice.com listening audience.”
About SmallCapVoice.com
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients' financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit http://smallcapvoice.com/blog/the-small-cap-daily-small-cap-newsletter/.
About West Texas Resources, Inc.
West Texas Resources, Inc. is engaged in the business of oil and gas exploration and development in North America. The Company's strategy is to pursue strategic acquisitions of interests in oil and gas properties in partnership with oil and gas producers, including prospects with proven and unproven reserves, which it believes to have development potential. The Company targets both new and existing fields and producing wells to be revitalized.
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements concerning West Texas Resources, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include statements regarding our expectations for the ability to acquire the Kern County oil and gas properties. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, the risk that we may not be able raise the capital needed to acquire the Kern County properties on commercially reasonable terms, if at all, the risk that our due diligence inquiry into the Kern County properties may be unsatisfactory, the risk that we may not be able to successfully negotiate the definitive agreement for the acquisition of the Kern County properties, , the risk that the Kern County properties, if acquired, may not be commercially productive, the risk that we may not be able to acquire the additional working capital with which to exploit the acquired the Kern County properties on commercially reasonable terms, if at all, and those other risks set forth in West Texas Resources' annual report on Form 10-K for the fiscal year ended September 30, 2016 filed with the SEC on February 10, 2017 and subsequently filed quarterly reports on Form 10-Q. West Texas Resources, Inc. cautions readers not to place undue reliance on any forward-looking statements. West Texas Resources, Inc. does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.
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