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Mon May 18, 2009
Exterra Energy, Inc. Announces 100 Shares to All Prior Shareholders of Record and Corporate Cash Dividend Policy Mon May 11, 2009 Exterra Energy Inc. Announces New Stock Symbol as EENI.ob Tue Apr 28, 2009 Exterra Energy, Inc. Announces Corporate Cash Dividend Policy; They Will Be Introducing New Management Team to the Financial Community at the FSX Conference in San Francisco, CA
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Exterra Energy Inc. (OTC BB: EENI) is an emerging oil and gas exploration production company based in Amarillo, Texas, with a Field Office in Parker County, Texas. Exterra is committed to a strong acquisition strategy purchasing producing oil properties that are undervalued due to current market conditions. Exterra is primarily active in the development, acquisition and operations of oil & gas properties, including the Newark East (Barnett Shale) Gas Field in North Texas and now holds an undivided interest in approximately 17,750 gross acres of leases in the Newark East (Barnett Shale) area with over 63 wells producing on the acreage. The Company is also active in Permian Basin in West Texas with mineral acres, producing oil and gas wells, wells being put online and chemically treated, a new Saltwater Disposal Facility, a 12 mile gas gathering system and a new gas contract with Panther Pipeline and Southern Union, that will increase production in Pecos County. The Barnett Shale gas field is undoubtedly one of the largest producing gas fields in the continental U.S. today, and Exterra is committed to developing and expanding its acreage and assets within the core area of the field. Exterra is further committed to increasing its oil assets by acquiring additional producing oil wells in the Permian Basin in West Texas, as well as other areas. Exterra's strategic plan is to take advantage of the opportunity that exists in the oil industry today by acquiring, undervalued producing oil wells, since many in the Oil Industry are heavily leveraged. Predicting Oil Prices: The Shortage Is In The Facts
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