Altex Industries Inc. Stock Analysis ALTX

Altex Industries, Inc. is a holding company, which engages in the ownership of interests in onshore oil and gas properties, purchase and sale of oil and gas properties, and the drill of exploratory and development wells. The company is headquartered in Denver, Colorado and currently employs 1 full-time employees. The Company, through its operating subsidiary, Altex Oil Corporation (AOC), owns interests in onshore oil and gas properties, has bought and sold producing oil and gas properties. The firm has also participated in the drilling of exploratory and development wells, and in recompletions of existing wells. All of AOC's interests are in properties operated by others. The operators of producing properties in which AOC has an interest sell produced oil and gas to refiners, pipeline operators, and processing plants. The firm's estimated reserves are 1,300 barrels of developed oil reserves associated with its 4.4% override in the Glo Field in Campbell County, Wyoming. The firm owns small mineral interests in Utah. All the Company's production is located in Utah and Wyoming.