| ANNOUNCEMENT-FOR
IMMEDIATE RELEASE
TBX Resources, Inc. Announces
Acquisition
Tuesday October 11, 1:40 pm ET
DALLAS--(BUSINESS
WIRE)--Oct. 11, 2005--TBX Resources, Inc.
(OTCBB:TBXC - News) 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 wells in Wise County,
Texas.
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.
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 - News), 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.
Contact:
TBX Resources, Inc., Dallas
Dick O'Donnell, 972-243-2610
TBX Resources, Inc. Announces Agreement to Participate
in up to 20 Barnett Shale Wells
Tuesday October 18, 11:25 am ET
DALLAS--(BUSINESS WIRE)--Oct. 18, 2005--TBX,
Resources, Inc. (OTCBB:TBXC - News), an independent
oil and gas exploration and production company, announced
today it has entered into an agreement with Gulftex
Operating, Inc., a related company, to participate
in the future development of up to twenty (20) well
program, drilling horizontal wells in the core area
of the Barnett Shale, beginning in December 2005.
About TBX Resources, Inc.
TBX Resources, Inc. (OTCBB:TBXC - News), Headquartered
in Dallas, Texas, 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.
Contact:
TBX Resources, Inc.
Dick O'Donnell, 972-243-2610
TBX Resources, Inc. Announces
New Trading Symbol
DALLAS, Texas,
Wednesday, September 28, 2005----
TBX Resources, Inc. (OTC:BB TBXC) an independent oil
and gas exploration and production company announced
today it has been advised by the OTCBB that TBX Resources
has been assigned the new trading symbol of “TBXC”,
and can begin trading on a post-split basis, effective
Thursday, September 29, 2005.
About TBX Resources, Inc. TBX Resources,
Inc. (OTCBB:TBXC), headquartered in Dallas, TX, 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.
For more information contact:
Dick O’Donnell
Director Investor Relations
TBX Resources, Inc.
800-606-2610
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.
Source: TBX Resources, Inc.
ANNOUNCEMENT-FOR
IMMEDIATE RELEASE
TBX Resources, Inc. Announces Implementation
Of The Reverse Stock Split Authorized By Its Stockholders
And The Taking Office Of Two New Directors.
DALLAS, Texas, Wednesday,
September 21, 2005---- TBX Resources, Inc.
(OTC:BB TBXR) an independent oil and gas exploration
and production company announced today it has filed
and completed the necessary documentation required
by the Texas Secretary of State to instigate its 10
to 1 reverse stock split authorized by its stockholders
at a special meeting held August 31, 2005. Tim Burroughs,
CEO, stated that, “all the necessary documents,
including our request for a new trading symbol, have
been filed with the state of Texas, the SEC and NASD
and we anticipate that our implementation date for
our new trading symbol and the reverse stock split
will be September 27, 2005.
In addition, TBX also announced that its new directors,
Jeffery Reynolds and Sam Warren have officially taken
office. Reynolds has been president of Broadway Operating
Company in Lubbock, Texas since 1991. He has also
been a partner with J. Reynolds and Associates, Ltd.,
an insurance concern, since 1999. Warren has been
the owner and president of Drill Pipe Industries,
Inc. for more than five years. Drill Pipe Industries
is in the business of manufacturing, buying, and selling
drill pipes for use in the oil and gas industry and
also buys and sells other oilfield equipment.
About TBX Resources, Inc. TBX Resources, Inc. (OTCBB:TBXR),
headquartered in Dallas, TX, 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.
For more information contact:
Dick O’Donnell
Director Investor Relations
TBX Resources, Inc.
972-243- 2610
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.
Source: TBX Resources, Inc.
October 9, 2002 - Dallas, Texas:
TBX Resources Inc. (TBXR) announced today that drilling
operations have commenced on the third well in the Vici
Prospect. The Hunter # 1-27 well is a direct offset
to both the Josephus #1 -33 and the Dennett #2-34. This
lease is geologically located in the center of the Anadarko
Basin. The prospect is located just west of Vici, Oklahoma
in Ellis County and is part of a 10 well drilling program
with a proposed total depth of approximately 9,750 feet
with the primary objective being the Red Fork formation.
According to an independent geologist, the Hunter #
1-27 is a low risk development prospect with gas reserves
expected to be in the 4 BCFG to 5 BCFG (billion cubic
feet of natural gas) range and oil reserves between
150,000 and 200,000 BO (barrels of oil). With today's
current pricing of $3.84 (per thousand cubic feet of
gas) and $29.48 (per barrel of oil), this well could
equate to a projected value of $20 million gross dollars
for the gas and a projected value of $5 million gross
dollars for the oil, although no assurances can be made
as to these projections. TBX Resources Inc. is participating
with 13.3% Working Interest in this drilling venture
along with several other industry partners.
This release may contain certain forward-looking statements
(as such term is defined in the Private Securities Litigation
Reform Act of 1995), which reflect the views of TBXR's
management with respect to future events. These statements
are subject to uncertainties and other factors that
could cause actual results to differ materially from
the statements made. Readers are cautioned not to place
undue reliance on any of these forward looking statements
since there can be no assurances that the forward looking
information contained herein will in fact transpire.
Note to U.S. Investors - The U.S. Securities and Exchange
Commission permits oil and gas companies, in their filings
with the SEC, to discuss only proved reserves that a
company has demonstrated by actual production or conclusive
formation tests to be economically and legally producible
under existing economic and operating conditions. Certain
terms used such as "probable" and "possible" are terms
that the SEC's guidelines strictly prohibit issuers
from including in filings with the SEC. U.S. investors
are urged to review all public filings made by public
companies.
Contact Person: Sherri Cecotti 1-800-243-2066 skc@tbxresources.com
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