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Spindletop Oil & Gas Co. (OTC PINK:SPND) announced on July 27, 2021, that its Board of Directors has begun reviewing strategic alternatives aimed at enhancing shareholder value. Options could include a sale of company assets, mergers, asset purchases, or recapitalization. No specific timeline was established for this review, and the company will not provide further updates until a definite course of action is approved. The company engages in crude oil and natural gas exploration and production primarily in Texas.
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