FRISCO, Texas, Jan. 26 /PRNewswire-FirstCall/ -- CrossPoint Energy Company (BULLETIN BOARD: CXPE) , an oil and gas company focused on the acquisition, exploration, and development of oil and gas properties primarily in East and Southeast Texas, today announced it has filed a registration statement on Form SB-2 with the Securities and Exchange Commission (SEC). This filing was made to register the common shares received in the November 2006 merger with CrossPoint Energy, LLC. Through a private placement, CrossPoint Energy, LLC had received $15 million in June 2006. Pursuant to the merger's requirements, the Company is filing to register 12,844,730 shares with this filing of the Form SB-2. The Company will not receive any proceeds from the sale of these shares by the selling stockholders.
The Form SB-2 can be found on the SEC's web site at http://www.sec.gov/ or on CrossPoint's web site at http://www.cxpe.com/.
About CrossPoint Energy Company
Frisco, Texas-based CrossPoint Energy Company is an oil and gas company focused on growth through drilling and developing relatively lower and moderate risk properties which contain as an upside, certain higher risk, very prolific reserves. The Company's initial properties are located in East and Southeast Texas. For more information about CrossPoint, please visit the Company's website at http://www.cxpe.com/.
Forward-Looking Statements
Certain statements in this news release regarding future expectations, plans for acquisitions and dispositions, oil and gas reserves, exploration, development, production and pricing may be regarded as "forward-looking statements" within the meaning of the Securities Litigation Reform Act. They are subject to various risks, such as operating hazards, drilling risks, the inherent uncertainties in interpreting engineering data relating to underground accumulations of oil and gas, as well as other risks discussed in detail in the Company's periodic reports and other documents filed with the SEC. Actual results may vary materially.
