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Show Altex Oil Corp. gets approval on American Exchange The American Stock Exchange has approved for original listing 18,409,819 common shares and 1,100,000 common stock purchase warrants of Altex Oil Corporation, a Vernal-based oil and gas company, with operating headquarters in Denver. The warrants are exercisable at $7.15 per share, with expiration on Aug. 8, 1983. Altex Oil acquires, markets, explores for and develops oil and gas properties in the Western United States, both directly and jointly through a fifty percent general partnership interest in Altex Minerals, Ltd. The company has interests in undeveloped oil and gas, heavy oil, coal, and oil shale properties located in Utah, Idaho, Nevada, Washington, Oregon, New Mexico, Colorado, Montana, Kansas and Wyoming. Altex Oil also has interests m developed oil properties in the UjJS Basin of Utah, the Laramie and ft, Horn Basins of Wyoming, East Centr Texas, and in West Central Texas f Last year, Altex Oil acquired ParriJ Oil Tools, Incorporated, a Vernal basal oil field servicing company, with fices in Rock Springs and Aft Wyoming, and operations in SouS western Wyoming, Utah, idaho ; Western Colorado, and Nevada'' Parrish Oil Tools furnishes tools and ' skilled personnel to set and pull casS ! on oil and gas wells, and prepare wefo-for wefo-for completion. ,' Altex Oil reported net income $903,000 on revenues of $5,756,000 for the fiscal year that ended Sept. i,' compared with net income of feBa-on feBa-on revenues of $3,647,000 for the prkJ' year. . |