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Company Description (as filed with the SEC)
Mexco Energy Corporation, a Colorado corporation, is an independent oil and gas company engaged in the exploration, development and production of natural gas and crude oil properties located in the United States. Incorporated in April 1972 under the name Miller Oil Company, the Company changed its name to Mexco Energy Corporation effective April 30, 1980. At that time, the shareholders of the Company also approved amendments to the Articles of Incorporation resulting in a one-for-fifty reverse stock split of the Company's common stock. Our total estimated proved reserves at March 31, 2015 were approximately 6.289 billion cubic feet ("Bcf") of natural gas and 659,700 barrels ("bbls") of oil and natural gas liquids, and our estimated present value of proved reserves was approximately $24 million based on estimated future net revenues excluding taxes discounted at 10% per annum, pricing and other assumptions set forth in "Item 2 - Properties" below. ... More ...