TULSA, Okla., Oct. 30, 2015 /PRNewswire/ — New Gulf Resources, LLC (the “Company” or “NGR”) announced today that it has hired Barclays as financial advisor and Baker Botts L.L.P. as legal advisor to advise the Company regarding all potential strategic alternatives to enhance liquidity and address the Company’s capital structure.
About New Gulf Resources, LLC
New Gulf Resources, LLC (www.newgulfresources.com) is based in Tulsa, Oklahoma and owns, manages and operates upstream energy projects, primarily in East Texas. NGR is highly experienced in the application of advanced technologies such as horizontal drilling and multi-stage fracture stimulation to maximize the value of U.S. oil reserves. NGR owns over 77,000 net mineral leasehold acres in the prolific Woodbine, Eagle Ford and Lower Cretaceous plays.
SOURCE New Gulf Resources, LLC