BRZL is an oil and gas exploration and development company under letter of intent to purchase a Dallas based independent oil company with significant oil and gas assets in Louisiana.
Share Structure
Market Value1 $6,660,000 a/o Mar 21, 2011
Shares Outstanding 888,000,000 a/o Dec 31, 2010
Float N/A
Authorized Shares 1,500,000,000 a/o Feb 01, 2011
Par Value 0.001
Shareholders
Shareholders of Record 38 a/o Dec 14, 2010
NEW YORK, Mar 10, 2011 (BUSINESS WIRE) -- BRAZOS INTERNATIONAL EXPLORATION, INC. (OTCBB: BRZL), today announced the company has executed a Definitive Purchase and Sale Agreement to purchase Renfro Energy, LLC, a Dallas based independent oil company with significant oil and gas
Closing is scheduled to occur on or before March 31, 2011, and shortly thereafter, an aggressive production enhancement and developmental drilling program will be initiated. With this acquisition, BRZL will acquire an oil producing property with potential development and exploration oil reserves exceeding one million barrels based on subsurface well control and Three Dimensional Seismic data.
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