TBX Resources, Inc. Announces Acquisition.DALLAS -- TBX TBX Textbox TBX T-Box (gene) TBX Term Base eXchange TBX Team-Building Exercise TBX Tactical Ballistic Missile Experiment TBX The Best Mix TBX Thin Line Array TBX Tactical Ballistic Experimental TBX Telebox Resources, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TBXC) an independent oil and gas exploration and production company announced that as of September 26 2005, it had acquired working interests of 37.7% in the Johnson #1H and 50.16% in the Johnson #2H, both horizontal Barnett Shale The Barnett Shale is a geological formation of economic significance. It consists of sedimentary rocks of Mississippian age in the U.S. State of Texas. The formation is estimated to stretch from the city of Dallas to west of the city of Fort Worth and south, covering 5,000 square wells in Wise County, Texas Wise County is a county located in the U.S. state of Texas. As of 2000, the population was 48,793. Its county seat is Decatur6. The county is named for Henry Alexander Wise, a U.S. Congressman from Virginia who supported Texas' annexation. . In addition, TBX has acquired an approximate 79% working interest in 10 oil production wells and 3 disposal wells in the Talco Field located in Franklin County, Texas Franklin County is a county located in the U.S. state of Texas. In 2000, its population was 9,458. Although the origin of the county's name is not recorded, it is generally believed to have been named after Judge Benjamin C. Franklin. . TBX Resources, Inc. exchanged restricted common shares for all working interests under a private placement. TBX Resources currently owns all or a portion of 35 oil or gas wells and 8 disposal wells throughout Texas and 6 natural gas wells in Oklahoma. About TBX Resources, Inc TBX Resources, Inc. (OTCBB:TBXC), Headquartered in Dallas, is an independent oil and gas exploration and production company which either obtains producing wells with the expectation of rehabbing the wells in an effort to increase production or drills new wells in the hopes of obtaining oil and gas production in commercial quantities. This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, including statements about future business operations, financial performance and market conditions. Such forward-looking statements involve risks and uncertainties inherent in business forecasts. TBX Resources, Inc. |
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