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Last $0.50 USD
Change Today 0.00 / 0.00%
Volume 0.0
WTXR On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

west texas resources inc (WTXR) Snapshot

Open
$0.50
Previous Close
$0.50
Day High
$0.50
Day Low
$0.50
52 Week High
07/16/14 - $1.00
52 Week Low
02/17/15 - $0.21
Market Cap
7.2M
Average Volume 10 Days
0.0
EPS TTM
$-0.04
Shares Outstanding
14.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WEST TEXAS RESOURCES INC (WTXR)

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west texas resources inc (WTXR) Details

West Texas Resources, Inc. acquires, explores, develops, and produces oil and gas properties in North America. The company holds a 4.0506% working interest in the oil and gas leases, wells, and attendant production in the Port Hudson field, Baton Rouge Parish, Louisiana; and a 10.0167% working interest in the West Cameron 225, an offshore oil and gas field located in the shallow waters of the Gulf of Mexico near Cameron, Louisiana. It also holds 50% working interests in non-operating leases covering approximately 1,070 gross mineral acre leases in the Wolfcamp field located in Hale County, Texas; a 15% interest in a non-operating oil and gas prospect located in Landry Parish, Louisiana; and a 1% working interest in an oil prospect located in Floyd County, Texas. The company was formerly known as Texas Resources Energy, Inc. and changed its name to West Texas Resources, Inc. in June 2011. West Texas Resources, Inc. was founded in 2010 and is based in Frisco, Texas.

2 Employees
Last Reported Date: 02/19/15
Founded in 2010

west texas resources inc (WTXR) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $36.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $36.0K
Compensation as of Fiscal Year 2014.

west texas resources inc (WTXR) Key Developments

West Texas Resources, Inc. announced delayed annual 10-K filing

On 12/30/2014, West Texas Resources, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

West Texas Resources, Inc. Enters into $50,000 Loan Agreement with Third Party

On September 17, 2014, West Texas Resources, Inc. entered into a loan agreement with a third party pursuant to which the lender loaned $50,000, the proceeds of which were used to partially finance its payment of the purchase price and its allocable expenses associated with its working interest in the Birnie field. The loan bears interest on the unpaid principal amount at the rate of 6% per annum. All principal and interest are payable on November 16, 2014.

West Texas Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2014

West Texas Resources, Inc. reported earnings results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported revenues of $103,248 against $127,705 a year ago. The decrease in revenue was due to West Texas Resources' sale of a portion of its working interest in the Port Hudson field in April 2014, offset by its realization of $21,000 of revenue during the three month period ended June 30, 2014 from its working interest in the West Cam 225 field. The company incurred a net loss of $2,134 against $17,056 a year ago. For nine months, the company reported the company had $272,105 and $127,705 of revenue, respectively. The company had a net loss of $570,038 and $131,746 for the nine month periods ended June 30, 2014 and 2013, respectively. The increase in net loss was the result of an increase in expenses during the periods ended June 30, 2014 compared to the prior year periods.

 

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Valuation WTXR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 27.0x
Price/Book 14.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 26.0x

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