Article: MAYNARD OIL COMPANY COMPLETES ACQUISITION

DALLAS, Dec. 21 /PRNewswire/ -- Maynard Oil Company (Nasdaq: MOIL) today announced that it successfully completed an acquisition of producing oil and gas properties from an independent oil company. Maynard purchased an interest in approximately 250 producing wells located in Garza County, Texas. This acquisition is expected to add 775 net barrels to Maynard's daily production and will be financed through bank borrowings and the utilization of a portion of the company's ...

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