An unknown buyer acquired stake in Wilinda prospect located in Texas from Texas South Energy, Inc..

Texas South Energy, Inc. is a development-stage company. The Company is an oil and gas company, which focuses on properties in the Gulf Coast Region. It is engaged in the onshore and offshore oil and gas business. As of October 31, 2016, it owned seven offshore prospects in the Gulf of Mexico in conjunction with GulfSlope Energy, Inc., in water depths between 300 feet and 1,000 feet. Its oil and gas assets include the Bayou Bouillon Field, West Tuleta Field and Ray Field. In the Bayou Bouillon Field, St. Martin and Iberville Parishes, Louisiana, it owned working interest in the Sugarberry South Project comprising 420 acres, as of October 31, 2016. As of October 31, 2016, in Texas, it owned working interest in the undrilled acreage over 4,500 feet in the West Tuleta Field. As of October 31, 2016, in the Northwest of the survey, the Company focused to acquire leases covering approximately 1,000 acres for horizontal projects over 6,000 feet in the Austin Chalk and Buda Lime formation.