SOURCE: West Texas Resources, Inc.

February 21, 2013 09:00 ET

West Texas Resources, Inc. Announces DTC Eligibility

FRISCO, TX--(Marketwire - Feb 21, 2013) - West Texas Resources, Inc. (OTCQB: WTXR), a Texas-based independent oil and gas company, today announces that the company has been granted eligibility status by the Depository Trust Corporation (DTC) as of January 29th, 2013.

DTC eligibility allows ownership of the company's shares to be transferred electronically by the DTC. The Depository Trust Company is a member of the U.S. Federal Reserve System and a registered clearing agency with the Securities and Exchange Commission (SEC). The DTC provides a safe and efficient way for buyers and sellers of securities to execute and settle transactions.

"We are very excited to have received DTC eligibility. This is a key milestone for the company and a major step for West Texas Resources' shareholders," commented Stephen Jones, CEO of West Texas Resources.

About West Texas Resources, Inc.
West Texas Resources is a Texas-based independent oil and gas company engaged in secondary enhanced oil recovery projects, production of crude oil, natural gas liquids and natural gas in the onshore United States. The company has a 31.25 percent working interest on two tracts totaling 120 acres in Eastland County, Texas. West Texas Resources, Inc.'s common shares trade on the Over the Counter (OTCQB) market under the ticker symbol "WTXR."

Forward-Looking Statements:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of West Texas Resources, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information

  • Contact:
    Stephen Jones
    West Texas Resources, Inc.
    972 712-1039 ph