HOUSTON, Oct. 20, 2011 /PRNewswire/ -- Texas Oil and Minerals, Inc. BNPD announced today it has published its quarterly report for the quarter ending September 30, 2011 using the Alternative Reporting Standard as accepted by OTC Markets.

Compliance with OTC Markets Alternative Reporting Standard should elevate the Company's tier status with OTC Markets. For further information, visit www.otcmarkets.com

Tom Gouger, CEO of Texas Oil and Minerals, stated that "the Company has been working diligently with OTC Markets and Finra to ensure transparency to its shareholders and comply with market standards. In addition, Texas Oil and Minerals is in the process of preparing the Information & Disclosure Statement to file with OTC Markets, including the filing an Attorney's Opinion Letter, we sincerely believe will take us to the 'OTC Pink Current' tier."

Earlier this week, Texas Oil and Minerals demonstrated their commitment to shareholders by retiring 100,000,000 issued and outstanding shares of common stock to help improve and preserve the share structure of Texas Oil and Minerals, thus adding value for all shareholders.

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.

Media & Investor Relations:
Alex Livak / Robert Adams
Tel: 281-566-2583
http://www.texasoilandmineralsinc.com

SOURCE Texas Oil and Minerals, Inc.