Article: MAYNARD OIL COMPANY ANNOUNCES ACQUISITION

DALLAS, April 3 /PRNewswire/ -- Maynard Oil Company (Nasdaq-NNM: MOIL) today announced that it successfully completed an acquisition of producing oil and gas properties from a large independent oil company. Maynard purchased an interest in 212 producing wells in eight counties in West Texas. This $10.5 million acquisition is expected to add approximately 570 net barrels of oil and 2,600 net mcf (thousand cubic feet) of gas to the company's daily production. The funds to acquire these properties were provided by $1 million of ...

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