Westar Oil & Gas Inc TEXG
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Last Updated: Jun 03, 12:00 AM·OOTC
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Westar Oil & Gas Inc. Stock Analysis TEXG
United States N/A Nano Cap Terax Energy, Inc. operates as a capital pool company, which engages in the exploration of oil and gas. The company is headquartered in Dallas, Texas and currently employs 3 full-time employees. The company went IPO on 2005-06-02. The Company’s principal properties consist of two blocks of oil and gas leases: one covering approximately 11,300 gross acres in the aggregate in close proximity to each other in Erath County, Texas, and one covering a block of approximately 16,200 gross acres in the aggregate in close proximity located in Comanche County, Texas, both of which permit the Company to drill and develop the Barnett Shale formation underlying the lease acreage. The Company’s operations are focused on the identification and evaluation of prospective oil and gas properties and the contribution of capital to projects. On April 3, 2006, the Company entered into a Gas Purchase Agreement with Louis Dreyfus Gas Development L.P. (LDGD) for the sale of gas to LDGD from certain oil and gas leases in Erath County, Texas which it operates.
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Financial Metrics & Statements of Westar Oil & Gas Inc (TEXG)
FAQ's for Westar Oil & Gas Inc (TEXG)
- As of August 2026, Westar Oil & Gas Inc TEXG is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Westar Oil & Gas Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Westar Oil & Gas Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Westar Oil & Gas Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Westar Oil & Gas Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Westar Oil & Gas Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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