HOUSTON, Oct. 19, 2011 /PRNewswire/ -- Texas Oil and Minerals, Inc. (OTC MARKETS: BNPD), www.texasoilandmineralsinc.com announced today that the Company has reduced the issued and outstanding Common Shares by 100,000,000 shares.  

The issued and outstanding of shares of Common Stock were reduced by 100,000,000 shares resulting in a new issued and outstanding shares of Common Stock of 204,418,869 shares and a public float of 107,589,460 shares. Management believes that the retirement of the 100 million shares demonstrates a commitment to the shareholders to improve and preserve the share structure of Texas Oil and Minerals, thus adding value for all shareholders.

Texas Oil and Minerals President Tom Gouger said, "Management has no short term exit strategies, we are intent on building shareholder value and look for a long term growth strategy."  

About Texas Oil and Minerals (BNPD)

Texas Oil and Minerals creates value by acquiring and exploiting reserves in fields specifically targeted for oil and high-rate return North American clean burning natural gas. We are involved in prospects that range in value from $1,000,000 to $50,000,000, which include seismic and land projects, drilling prospects and the purchase of producing properties. Our team is comprised of highly skilled industry professionals who leverage their knowledge toward the success of our business. With more than three generations of collective experience, this team of professional and talented production personnel can provide innovative exploration and development solutions focused on creating exceptional returns in oil and gas through acquisition and exploration. www.texasoilandmineralsinc.com

Safe Harbor Statement:

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INCL or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

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SOURCE Texas Oil and Minerals, Inc.