Explortex Energy Inc.Explortex Energy Inc. • March 7th, 2012 • Crude petroleum & natural gas
This acquisition agreement sets forth the terms and conditions under which Explortex Energy Inc. ("Explortex" or the "Company") agrees to purchase Point Capital Barnett Shale Investors II, L.P. ("PCBSI2"). As defined in Appendix I, PCBSI2 owns various Working Interests in nineteen (19) Barnett Shale wells located in Wise, Cook and Denton Counties, TX which are operated by R.L. Adkins Corp. As consideration, Explortex Energy, Inc. will issue $1,150,000.00 (the "Purchase Price") of Convertible Preferred A Securities, with a designated value of $1,000 per share (collectively, the "Transaction") The Company will not be required to make any deposit in advance of the Transaction (the "peposit").
Explortex Energy Inc.Explortex Energy Inc. • March 7th, 2012 • Crude petroleum & natural gas
This acquisition agreement sets forth the terms and conditions under which Explortex Energy Inc. ("Explortex" or the "Company") agrees to purchase Point Capital Barnett Shale Investors, G.P. ("PCBSI1"). As defined in Appendix I, PCBSI1 owns various Working Interests in fourteen (14) Barnett Shale wells located in Denton County, TX, which are operated by Eagle Ridge Energy. As consideration, Explortex Energy, Inc. will issue $168,750.00 (the "Purchase Price") of Convertible Preferred A Securities, with a designated value of $1,800 per share (collectively, the "Transaction"). The Company will not be required to make y deposit in advance of the Transaction (the "Deposit").
