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Global NuTech Acquires Texas Gulf Oil and Gas

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January 31, 2012

Global NuTech, Inc. (OTCQX: BOCL.OB) announced today that the company has acquired 100% of the stock of Houston, Texas based Texas Gulf Oil & Gas, Inc. The acquisition from private equity firm Corporate Strategies Merchant Bankers includes individual oilfield producing assets and options throughout the Austin Chalk and near the Eagle Ford shale play in Texas. These assets  include leases, options and  and working  interests in 19 oil wells throughout the area and additional  options to invest in wells to be drilled or re-entered in three leases identified as the ...

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