West Texas Resources, Inc. (OTCPK:WTXR) acquired 25% stake in East Texas oil and gas property from Two Eagles Resources Inc. for $0.03 million on March 3, 2016. The consideration includes payment of $0.01 million and issuance of 0.06 million shares of West Texas Resources, Inc.'s common stock. West Texas Resources, Inc. (OTCPK:WTXR) completed the acquisition of 25% stake in East Texas oil and gas property from Two Eagles Resources Inc. on March 3, 2016.