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Texas South Energy

Company Summary

Description

Texas South Energy, Inc. engages in the oil and gas exploration and development activities in the Gulf Coast Region. It holds a 37.5% interest in mineral rights covering an area of 86.69 acres located in the Eagle Ford Shale of Lavaca County, Texas. The company was formerly known as Inka Productions Corp. and changed its name to Texas South Energy, Inc. in November 2013. Texas South Energy, Inc. was founded in 2010 and is based in Houston, Texas.

Website

http://www.bloomberg.com/research/stocks/private/s...

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Company Transactions

Date: 5/12/2017
Type: Acquisition

BUYERS:
  • Energulf Resources Inc
  • HTX Resources
    • SELLERS:
  • Texas South Energy
    • DETAILS:

    COST: 400 $M

    NOTES:
    As a part of the deal, EnerGulf will pay $400,000 by May 31, 2017 and issue 2,000,000 units of the Company at a deemed price of CAD$0.10 per unit. EnerGulf and HTX will acquire an additional 20% interest in the Canoe and Selectron Shallow prospects in the Gulf of Mexico from Texas South Energy.
    REGIONS:
  • Gulf of Mexico

    • Date: 3/23/2017
    Type: Acquisition

    BUYERS:
  • Energulf Resources Inc
    • SELLERS:
  • Texas South Energy
  • GulfSlope Energy
    • DETAILS:

    COST: 400 $M

    NOTES:
    The Company has already $400,000 in payments for the 16.8% interest in the Canoe and Selectron Shallow prospects in the Gulf of Mexico.
    REGIONS:
  • Gulf of Mexico