West Texas Resources, Inc. entered into an agreement to acquire certain non-operated working interests in properties located in Oklahoma and Texas from non-operating partners to Miller Oil Properties, Inc. and D-Mil Production, Inc. for $0.25 million.

West Texas Resources, Inc. (OTCPK:WTXR)(‘WTR’) entered into an agreement to acquire certain non-operated working interests in properties located in Oklahoma and Texas from non-operating partners to Miller Oil Properties, Inc. and D-Mil Production, Inc. for $0.25 million on June 29, 2018. The transaction is expected to be funded through the sale of equity. The transaction is subject to WTR’s ability to raise the required capital to acquire the working interests. Hunter Stuart Energy Advisors and Ponderosa Resources Corporation who provided financial advisory and petroleum engineering services will be paid a sum of $0.1 million.