TXHE Texhoma Energy, Inc. featured news, full reports, and detailed charts
Texhoma Energy, Inc. (TXHE/TXHE.PK) Wrap Up:
Texhoma Energy, Inc. engages in the exploration and production of crude oil and natural gas. It primarily focuses on south Louisiana and east Texas, including near-shore Gulf of Mexico. The company owns interests in three oil and natural gas producing fields, and an exploration project. Texhoma Energy, Inc. was founded in 1998 and is based in Dallas, Texas.Texhoma Energy, Inc. (TXHE:OTC)
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Market Cap
251.6K
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Total Revenue
1.7M
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EBITDA
644.5K
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DILUTED EPS TTM
-0.01
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P/E
--
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P/S
0.1x
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Return On Asset
-22.70
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Return On Equity
46.28
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| K = Thousands M = Millions B = Billions | ||
TXHE Top Compensated Officers
Executives, Board Directors
Key developments for Texhoma Energy, Inc. (TXHE)
Texhoma Energy, Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.001per share.
On or about January 12, 2009, Ibrahim Nafi Onat resigned as a Director of the Texhoma Energy, Inc. and as Vice President of Operations. As a result of the resignation of Mr. Onat, Daniel Vesco was only company's officer and Director. On or around January 13, 2009, Gilbert Steedley was appointed as a Director of the company by Daniel Vesco, to fill the vacancy left by Mr. Onat's resignation. Shortly thereafter, on January 13, 2009, Mr. Vesco tendered his resignation as a Director, Chief Executive Officer, Principal Financial Officer, Secretary and Treasurer of the company, and Mr. Steedley was appointed as the Company's Chief Executive Officer, Principal Accounting Officer, Secretary and Treasurer. Mr. Vesco also resigned as an officer and Director of Texaurus Energy, Inc. Mr. Steedley previously served as the Director of Equities Business Development at the American Stock Exchange from April 2006 to October 2008. Since October 2008, Mr. Steedley has served as a Director of Markland Technologies, Inc.
Effective January 16, 2009, Texhoma Energy, Inc. will change its OTCBB stock ticker symbol to TXHE.E from TXHE.
TXHE Competitors
| Company | Last | Change | |
| No competitor information is available for TXHE. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | TXHE | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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TXHE |
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TXHE transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent News About Texhoma Energy, Inc.
More news for TXHE
TEXHOMA ENERGY INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
TEXHOMA ENERGY INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
TEXHOMA ENERGY INC Files SEC form 8-K, Unregistered Sale of Equity Securities, Change in Directors or Principal Offic
ITEM 8.01. Other Events. We currently owe approximately $7.8 million pursuant to our outstanding Secured Term Note held by Laurus Master Fund, Ltd. ("Laurus"). The Secured Term Note bears interest at the Wall Street Journal Prime Rate plus 2%, payable monthly in arrears. -2- Additionally, the Note provides for payments of interest equal to eighty percent (80%) of the gross production revenue received by Texaurus Energy, Inc., our wholly owned subsidiary ("Texaurus"), relating to all oil and gas properties owned by Texaurus, for the prior calendar month. The maturity date of the Secured Term note is March 27, 2009. The outstanding shares of Texaurus are pledged as collateral to secure the repayment of the Secured Term Note, and in addition, we guaranteed the repayment of the Secured Term Note when due. Texaurus represents substantially all of our assets, operations and revenues. Due to prior write-downs of the value of the assets owned by Texaurus (the "Texaurus Assets", which as a result of the pledge of Texaurus' stock, secure the repayment of the Secured Term Note) as previously reported in our periodic filings and the recent declines in the trading values of oil and gas, we currently believe that the Texaurus Assets are worth substantially less than the remaining outstanding amount of the Secured Term Note. As a result, and as a result of the fact that we do not have a sufficient amount of cash on hand or liquid assets to repay the Secured Term Note and do not anticipating having sufficient funds to repay the Secured Term Note when due, we have recently been in discussions with Laurus regarding a potential foreclosure of the assets secured by the Secured Term Note, which there can be no assurance will be agreed to or if agreed to, will be affected by the parties. At this time, no additional financing has been secured to repay the Secured Term Note when due. Our continued operations could be impaired by limitations on our access to capita...Click here to read the whole Article (external link)