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10-K - FORM 10-K - West Texas Resources, Inc.wtxr_10k-093012.htm
EX-14 - CODE OF ETHICS - West Texas Resources, Inc.wtxr_10k-ex1401.htm
EX-31.2 - CERTIFICATION - West Texas Resources, Inc.wtxr_10k-ex3102.htm
EX-31.1 - CERTIFICATION - West Texas Resources, Inc.wtxr_10k-ex3101.htm
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EX-32.1 - CERTIFICATION - West Texas Resources, Inc.wtxr_10k-ex3201.htm
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4. Oil and Gas Properties
12 Months Ended
Sep. 30, 2012
Extractive Industries [Abstract]  
4. Oil and Gas Properties

In September 2011, the Company acquired a 31.25% working interest in an exploratory oil and gas drilling prospect covering 120 acres in Eastland County, Texas, for $18,750 cash.

 

In October 2011, West Texas Royalties, Inc., the operator of the Company's Eastland County prospect began drilling and fracturing operations at the initial well and the Company made additional investments of $83,373 and $43,750 in November 2011 and March 2012, respectively. As of September 30, 2012, no revenue has yet to be derived from the wells the Company has an interest in and the total amount of the investment was $145,873 and the investment payable was $18,750. The Company had a payable balance of $18,750 to West Texas Royalties as of September 30, 2012.