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Stock Market & Financial Investment News

News Breaks
December 28, 2012
12:29 EDTMXCMexco Energy acquires oil well interests for $1.15M
Mexco Energy Corporation purchased all of the outstanding ownership interests of a limited liability company which owns non-operated working interests in over 200 wells producing primarily oil. The cash purchase price of $1.15M was funded from the company's $4.9M bank credit facility. This purchase is effective January 1, 2013. These properties are located in 16 counties of Texas, New Mexico and North Dakota.
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