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Worthington Energy Inc (WGAS)

Worthington Energy Inc (WGAS)
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Worthington Energy Inc, a Nevada corporation was organized on June 30, 2004 under the name Paxton Energy, Inc. On January 27, 2012, it changed its name to Worthington Energy, Inc. The Company is an oil and gas exploration company with assets in Texas and in the Gulf of Mexico. Its assets in Texas consist of a minority working interest and drilling prospects in the Cooke Ranch area of La Salle County, Texas and Jefferson County, Texas. Its assets in the Gulf of Mexico consist of a leasehold working interest in certain oil and gas leases located offshore from Louisiana. Its operations are subject to regulation at the state and in some cases, county, municipal and local governmental levels.
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