This is flyin' up in price on low volume.....has been for a couple of days now!!!
The X-Change Corporation Acquires 4 Cotton Valley Gas Prospects in Rusk County, Texas
Monday October 11, 9:01 am ET
DALLAS--(BUSINESS WIRE)--Oct. 11, 2004--The X-Change Corporation (OTCBB: XCHC - News) has successfully negotiated the purchase of a 160-acre lease with 4 multi-pay offset locations to test the Cotton Valley formation at 11,200 feet. The deep Cotton Valley gas play has recently been identified to extend through the area with several discovery wells drilled in the last two years. We expect initial flow rates of between 1,000 to 5,000 MCF/ day with median average reserves of 11.6 BCF.
The X-Change Corporation's wholly owned subsidiary, Kolt Oil & Gas, Inc. will operate the wells with drilling to commence before year-end. The initial development costs of $2.2 million dollars will be raised through private placement and allow attractive tax incentives coupled with high returns on original investment with quick payouts. The acquisition will have significant impact on the company by allowing diversification from shallow oil wells with limited reserve quantities to creating high natural gas reserves of 20 to 40 BCF.
About the X-Change Corporation
The X-Change Corporation is a company that was organized to seek merger or acquisition candidates. The company intends to acquire interests in oil and gas opportunities that the company believes will generate significant revenues and return a profit to shareholders. Please visit www.x-changecorp.com for further information.
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The X-Change Corporation Acquires 75 Oil and Gas Wells from Kolt Oil & Gas, Inc.
Wednesday October 6, 1:37 pm ET
DALLAS--(BUSINESS WIRE)--Oct. 6, 2004--The X-Change Corporation (OTCBB:XCHC - News) has acquired 75 oil and gas wells from long time Texas Independent Kolt Oil & Gas, Inc. The properties included existing oil & gas reserves with a possible 10,000,000 barrels of oil equivalent on approximately 3,000 acres of leases in the East Texas field in Gregg County, Texas, near the town of White Oak and another 2,000+/- in West Central Texas near the town of Albany.
Several of the wells will be proven up with private investment to determine profitability and future development strategies utilizing new state of the art technologies. Service companies have been notified and workover will begin in November.
About the X-Change Corporation
The X-Change Corporation is a company that was organized to seek merger or acquisition candidates. The company intends to acquire interests in emerging opportunities that the company believes will generate significant revenues and return a profit to shareholders. Please visit www.x-changecorp.com for further information.
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XCHC - THE X-CHANGE CP (OTCBB)
Date Open High Low Last Change Volume % Change
10/13/04 0.5400 0.6200 0.5400 0.6200 +0.0700 25563 +12.73%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Buy
Short Term Indicators Average: 60% - Buy
20-Day Average Volume - 23800
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 50% - Buy
50-Day Average Volume - 16230
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 33% - Buy
100-Day Average Volume - 13181
Overall Average: 56% - Buy
Price Support Pivot Point Resistance
0.5500 0.3967 0.5267 0.6567
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http://stockcharts.com/def/servlet/SC.web?c=xchc,uu[m,a]daclyyay[pb50!b20][vc60][iUb14!La12,26,9]&pref=G
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'wid ma mind on ma money an' ma money on ma MIND!!!!!!!
Do Da Due!!!
RUFF!!!
Dog