Mexco Energy Corporation Announces Signing of Agreement Regarding Exploration
for Gas in Russia
MIDLAND, Texas, March 24 /PRNewswire-FirstCall/ -- Mexco Energy Corporation
announced today the signing in Moscow, Russia, of an agreement to begin a
preliminary feasibility study for exploration and development of natural gas
reserves in Russia.
In April of this year, a team of U.S. and Russian experts will commence a
feasibility study of a number of undeveloped natural gas fields located in the
vicinity of Gasprom pipelines which serve Russia.
This agreement contemplates operations through a Russian company which would be
owned jointly by Mexco Energy Corporation, three individuals, and a Russian
corporation, Yava-Stroi. For further information please refer to the Company's
Form 8-K filed with this press release posted on the Securities and Exchange
Commission's Electronic Data Gathering Analysis, and Retrieval ("EDGAR")
System.
Mexco Energy Corporation's stock trades on the American Stock Exchange under the
symbol MXC.
This news release contains forward-looking statements that involve risks,
uncertainties and assumptions. All statements other than statements of
historical fact are statements that could be regarded as forward-looking
statements. Actual events may differ materially from statements made herein. Such forward-looking statements are qualified by factors discussed herein and in
the filings that Mexco Energy Corporation makes from time to time with the
Securities and ExchangeCommission and in news releases issued by Mexco. The
risks, uncertainties and assumptions identified therein could cause actual
results to differ materially from those contained in projections or forward-
looking statements. Copies of the SEC filingsare available from Mexco Energy
Corporation upon request or by accessing the Edgar filing system. DATASOURCE: Mexco Energy Corporation CONTACT: Tammy L. McComic, Vice President of Finance of Mexco Energy Corporation, +1-432-682-1119
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