MEXCO ENERGY CORPORATION REPORTS FINANCIAL RESULTS FOR FISCAL 2024

The Company participated in the drilling of 52 wells consisting of 51 horizontal wells and 1 vertical well at a cost of approximately $2,300,000 for the fiscal year ending March 31, 2024, of which 19 are to be completed this fiscal year. Forty-eight of the horizontal wells are in the Delaware Basin located in the western portion of the Permian Basin in Lea and Eddy Counties, New Mexico. The Company also expended approximately$450,000, the balance required to complete 21 horizontal wells which were drilled ...