TEXAS PETROLEUM ACQUIRES OIL AND GAS PROPERTIES

  Texas Petroleum Corp said it issued 14.4
  mln shares of restricted common stock in exchange for oil and
  gas properties and joint ventures located in the U.S. and
  overseas.
      The properties were acquired from &lt;North American Oil and
  Gas Corp> and Texas Petroleum Corp in Canada, the company said.
  It added the acquisitions were the first step toward creating
  an oil and gas exploration and development enterprise.
  

