NEWS - Date: June 2016


VirTex Sells Eagle Ford Assets to Tokyo Gas

Transaction Overview

Tokyo Gas America Ltd. ("Tokyo Gas"), a wholly owned subsidiary of Tokyo Gas Co., Ltd., announced the acquisition of certain oil and natural gas assets from VirTex Producing Company, L.P. ("VirTex") in the prolific Eagle Ford Shale of South Texas. The assets consist of a 25% working interest in a joint project that is focused on developing approximately 34,000 net acres in Webb and La Salle Counties, Texas (the "Joint Project"). The Joint Project partners are Lewis Energy Group (operator) and BP Lower 48. Wunderlich Securities, Inc. served as the exclusive financial advisor to VirTex in connection with the transaction.