This is topic MXXR (Matrixx Resource Holdings, Inc) used to be VNBL in forum Micro Penny Stocks, Penny Stocks $0.10 & Under at Allstocks.com's Bulletin Board.
Vinoble, Inc. Changes Name to Matrixx Resource Holdings, Inc.
MALIBU, CALIFORNIA -- (MARKET WIRE) -- 07/13/06 -- Vinoble, Inc. (OTCBB: VNBL), announced today that in conjunction with its focused acquisition and development strategy, the Company will change its name from Vinoble, Inc. to Matrixx Resource Holdings, Inc. Effective Friday, July 14, 2006, Vinoble, Inc. will change its name to Matrixx Resource Holdings, Inc. The new symbol assigned by NASDAQ will be OTCBB:MXXR.
Announced late last year, the Company introduced its new corporate strategy by pursuing acquisitions in the Oil & Gas and Mineral Resource sectors. Subsequent to the announcement, Vinoble released its intent to acquire a majority interest in a gold exploration property known as the Hazard Lake Property in the Red Lake District of Ontario, Canada. Additionally, the Company announced its intent to acquire a minority interest in an Oil & Gas prospect in the Clovelly Field in southern Louisiana. Both acquisitions have been finalized.
Currently, the partners of the Clovelly Prospect have contracted Grey Wolf Corporation for their deep well drilling on the prospect known as the Allain-Lebreton Well Number 2. Progress has been released weekly on this project.
Additionally, the Company is in discussions with a Joint Venture Partner to begin exploratory drilling on the Hazard Lake gold property in-order to prove up reserves.
Maintaining its narrow focus on the resource sector, the Company is working diligently in the due diligence phase with its strategic partner, Sterling Grant, on four additional Oil & Gas prospect candidates. The Company will release specific data on these candidates as it becomes available.
While global political turmoil continues to keep oil prices near $75 per barrel and some recent analysts' reports predict that oil could reach as high as $100 a barrel in the near future, the Company is moving forward in its efforts to acquiring additional growth and investment opportunities in this natural resource sector with the intent of providing the Company and its shareholders a much-improved increase in shareholder value. The Company is focused on increasing value by means on continuing acquisitions, development projects and exploration drilling through joint venture networks.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "scheduled", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Vinoble to complete the proposed acquisition(s), the results of Vinoble's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Vinoble to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contacts: Vinoble, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 (310) 456-1778 (FAX) ir*mrhi.net http://www.mrhi.net Posted by Batman on :
Could gap in the AM, it went up today on no news.
Posted by Batman on :
God see 3 day chart, the 3 down days were consolidation days, thus the upward of those days are filled.
So only up tomorrow, with this news PLUS oil at $78.
We going to $80 oil which means big pps movement in any oil stock.
Posted by Batman on :
tonicma, What is the highest that oil ever got to?
Posted by ArmySGT on :
where it is at right now, news with israel at war with Hamas is not going away either, so expect it to go up
Posted by Batman on :
Posted by: BMiles In reply to: None Date:7/13/2006 10:37:40 PM Post #of 273
There was some very powerful information in the PR today. Almost every early stage oil and gas stock builds by continuing to acquire additional opportunities, this in turn offers stability and diversification to the company.
After the PR on May 15th announcing that VNBL had retained Sterling Grant to assist with other opportunities, I just knew a PR announcing an acquisition or some sort of deal would be announced soon. I knew the restructure was taking place and the name change would represent the new direction. I had thought this would be the best time to announce something like this and just had a gut feeling they would take advantage of this development with the name change PR. I had thought about posting that speculation but did not want anyone to think I was pumping the stock by trying to start rumors.
I am surprised everyone is not making a much bigger deal about the mention of four additional Oil & Gas prospect candidates. This is huge in to us in two ways. It gives us vision of diversification and added value while at the same time it leaves us hanging and waiting for further details. Both of these should be viewed as PPS momentum builders.
So we go into next week realizing the company could be announcing any day or week the closing of some sort of deal on these four new candidates. They could release details at any moment on the potential reserves or value it could add. All of this anticipation rolled up together with knowing there is only one week left until we hit our drill target dept and hopefully realize the well as successful, we have a real powerhouse moving stock next week.
I keep getting asked on the boards and by e-mail, how high can or will the stock go. Guys, I don't know. I am sure there are a lot of things we don't know about that are still in the works. In addition, the MM's work every stock differently.
All I was ever willing to stick my neck out on was that this was not a 6 cent stock run and that the stock would see double digits. I don't know if the stock will trade to 30 cents, 50 cents, 80, cents or none of the above, time will tell. What I do know is that the stock currently has a lot of momentum behind it going into next week and a lot of resources to pull from to keep the stock moving.
I have not said this yet but I appreciate all the kind comments I have received from many and can only hope I don't guide you in the wrong direction some day. What I post is what I believe is either happening or will happen but I am human and I do get it wrong sometimes. To the best of my ability, I try to insure my DD to be completely factual to the best of my knowledge and provide the links, source, or proof to support my DD so you yourself can double check it.
I strongly encourage all of you to do your own DD on this stock and do not hinge all your DD and investment decisions on me. I may believe the stock is heading for the moon but I am by no way a certified or licensed prophet so it is important that you do your own DD and double check my DD if you find it compelling. After having done so you will feel one of two ways, either you will feel I mislead you or you will feel the same enthusiasm about this stock as I do. If you walk away from your DD feeling the way I do, I assure you that you will sleep better at night as this stock moves up and down.
Not to lose site of my post, I strongly encourage everyone to think about the potential behind this stock as we head into next week and remember that while trading this stock you should only make decisions you can live with.
Brad
Posted by tonicma on :
going to gap hard I see
Posted by tonicma on :
bid and as .075 .08
Posted by tonicma on :
OHHH, .80 that would be nice
Posted by djg7 on :
I'm in at .08.
Posted by Johnwayne on :
Dang, tried but never had a chance to get in this one. Juped up too fast. Good luck all.
Posted by Batman on :
WoW opened at .08 and it's at .09 now
Posted by tmanfromtexas on :
Me too djg. I cant believe my good fortune this morning. Saw the thread near the top, quickly scanned it and said what the hell... Thanks Tonicma for posting at the right time. lol. Maybe we will get a break and this will gap some more. TMAN...
Posted by tonicma on :
Batman, still think of that fill the gap comment from yesterday. Knew this woudl happen, will continue to run.
Oil is going to $80 by next weekend
Posted by Batman on :
quote:Originally posted by tonicma: Batman, still think of that fill the gap comment from yesterday. Knew this woudl happen, will continue to run.
Oil is going to $80 by next weekend
I said this will gap up, not fill gap
Posted by tonicma on :
4 MM between us and 10 cent resistance
Posted by Batman on :
I meant if it went up on no news, than it should go up with the news of symbol change
Posted by tonicma on :
we cen go up to 10 ent today at this rate.
Posted by worthashot on :
Is MMXR showing up on your accounts?
Posted by worthashot on :
I mean mxxr, it isn't on my etrade account.
Posted by worthashot on :
I guess I can't complain since it is up over 20%.
Posted by tonicma on :
Looks like another 20 to 30% gain.
Hi, 30% a day gain is nice.
Posted by worthashot on :
Only 4 MMs to .10
Posted by Batman on :
Posted by: BMiles In reply to: None Date:7/14/2006 2:27:39 AM Post #of 102
MXXR DD #1 For Newcomers
MXXR has a 5% interest in a well that is currently being drilled as we speak. They expect to prove reserves of 11 million barrels of oil from an historically proven territory referred to as the Clovelly Field. From this link you will see the Clovelly Field has been producing oil and gas for many years. http://www.cgrpttc.lsu.edu/lainfo/prodfld/ (Scroll Down and select Clovelly) Highly unlikely they won't find a payout in my opinion.
The O/S on this stock right now is 97,595,274. As many of you may be aware, the SEC does not allow a company to record reserves as an asset on their financial's until it has been proven. It does not matter what type of technology you use to show there is oil under an area of land, it is not considered proven until you have drilled the property and have proven a plan of recovery of the oil.
Now for the fun part -
11 million barrels x $70 a barrel = $770,000,000
$770,000,000 x 5% interest = $38,500,000
$38,500,000 / 97,595,274 shares outstanding = asset book value of 39 cents a share.
Now for real book value:
Asset from new well if proved = $38,500,000
$38,500,000 + $1,825,000 assets currently reported in most recent filing = $40,325,000
$40,325,000 - $612,000 in total liabilities reported on last SEC filing = $39,713,000 Total Stock Holder Equity
$39,713,000 Total Stock Holder Equity / 97,595,274 Shares Outstanding = 41 cents Book Value.
If they do hit recoverable oil, the book value of the stock will jump to 41 cents a share. Now when we consider that oil stocks are currently trading two - three times book value, we could theoretically see the stock trading to as high as $.82 - $1.23 in a very short period of time. That would generate one heck of a return for a stock currently trading at 2 cents a share. Now I am not speculating the stock will ever trade to $1.23 but I have however proven it to be a real possibility if they do prove oil with the current drilling program.
Considering today’s technology used to identify oil reserves, the chance of not finding oil in this already proven area have been significantly reduced as opposed to several years back. In my opinion. I believe it is highly likely the Drill Rig will discover what VNBL and the JV’s are anticipating. I don't seem to be the only one expecting to see value added to this stock, let’s take a look at the CFO / CEO trading action.
Catherine Thompson is the CFO / CEO of MXXR, below I have outlined her trading pattern and dates. The obvious here is that if anyone is going to know where the stock price is going to go, it is going to be the CFO / CEO.
Lets first point out that Catherine was selling her holding of stock in this company as late as October of 2004. Obviously she knew what she was doing as the stock has done nothing but head straight down ever since.
Catherine seems to now have a change of heart as to the direction she believes the stock will be trading as shown by the shares she has recently taken on with no SEC filings indicating she has sold a single share since October 2004.
Stock Transactions: 7/1/2005 - 700,000 Shares at 10 cents 2/6/2006 - 1,166,667 Shares at 3 cents 2/9/2006 - 55,000 Shares at 3 cents 3/31/2006 - 897,462 Shares at 1.3 cents 4/25/2006 - 618,519 Shares at 1.35 cents 5/4/2006 - 1,041,464 Shares at 1.12 cents
Catherine has quite a large position of stock in this company and as I stated, she has not been selling but taking on even more shares. My guess is that the reasoning behind her taking on all these shares revolves around what she anticipates the value of the stock to be once it can realize the Clovelly South Prospect reserves in its financial filings. This is just a hunch but if the reason for holding all these shares is not because of the Clovelly South Prospect then it must be because of something else she is in the know about. It only makes sense that Catherine has a much better insight as to which direction this stock is going to trade in the near future than I do for obvious inside reasons.
The last thing I would like to point out here is that as of May 2nd 2005, MXXR came off the SHO list. To get on the SHO list, there must be an illegal necked short position in your stock. Those that sale these illegal shares are very organized and very in tune with a company’s status. These large organized groups sell these illegal shares into a stock they believe will never have a viable business and will just disappear one day. In this situation, the large organized group never has to cover there illegal shorted position.
I have studied this illegal shorting activity for the past three years now, I have become very knowledgeable on this subject. One thing I have found is that you can buy up all the shares in your own company you want, you can buy up the entire float, but the most successful way of forcing these groups to cover is by adding real value to your company. I can go into how this works in greater detail on another date but my point here is that smart money found a viable reason to cover there illegally shorted position.
I do not claim to be an expert on fundamentals but I do believe this DD summary to be fully factual and accurate to the best of my knowledge. All of this information has been generated directly from recent PR’s and most importantly the SEC filings. If anyone has any question or needs me to go into greater detail, don't hesitate to ask. I believe this stock to present the home run possibilities everyone hopes to be a part of and I wish everyone the best of luck.
Brad
Posted by Batman on :
Posted by: BMiles In reply to: None Date:7/14/2006 2:25:04 AM Post #of 102
MXXR DD #2 for Newcomers
When you hear them refer to our well as Allain LeBreton No. 2, did it ever get you wondering if their was a Allain LeBreton No. 1? Well you are in luck because I have the answer for you right here.
I have found that ORX Resources, a private organization, is the operator of our Allain LeBreton No. 2 well. I have also found they were the Operator of Allain LeBreton No. 1 as well. Here you will see they had run the pipeline to put that well into production.
ORX RESOURCES C/O C.H. FENSTERMAKER & ASSOCIATES, INC.
DESCRIPTION OF WORK: Proposed installation of one 4-inch flowline, approximately 7,494 feet in length to serve and produce the ORX Resources, Inc.- Allain Lebreton No. 1 Well. The line will be installed from the well, across the levee and then directionally bored below and existing ditch and roadway. The line will be installed on the surface of the marsh and directionally bored from the east side of the Hurricane Protection Levee below an existing ditch and roadway. An existing permitized pad site adjacent to the road will be used for the entry point and the backstring of the pipe will be placed on rollers adjacent to the levee at the exit point of the bore. The levee crossing will be conducted in accordance with U.S. Army Corps of Engineers’ specification. No tracked or wheeled vehicles will be used for the installation of the pipe across the marsh. http://www.slld.net/mins-agendas/aug.html
The well was not however a perfect well. It produced natural gas at a strong rate of 2.55 million cubic feet per day but the oil production was not as what was expected in that they found oil and condensate as you will see here in a PR from a JV at the time. http://www.sism.com/Ioc04082004.pdf
In addition, the Allain LeBreton No. 1 well was drilled to only 13,140 feet as seen in this PR from the former JV. http://www.sism.com/IOC%20PR%20Feb%2013%202004.pdf The significant difference here is that ORX Resources and the JV's have decided to drill the Allain LeBreton No. 1 well down to 14,500 feet where they anticpate from further 3D Seismic survey's they will locate 11 million barrels of oil.
The Allain LeBreton No. 1 well showed signs that the oil was there for the taking, all we have to do this time is just tap into it and hopefully drilling down another 1,400 feet at a new location will do the trick.
Worst case scenario we only find gas:
2.55 million cubicfeet per day is equal to 2627 MMBTU per day
2627 x $7 Average per MMBTU = $18,389 per day (not accounting for higher winter pricing)
$18,389 x 365 days in a year = $6,711,985
$6,711,985 x 5% interest = $335,599 Annual Revenue for VNBL
At this time, I do not know the potential size of the natural gas reserve so I cannot calculate how much this reserve would effect the book value of MXXR as I have if they locate oil.
Not bad when you consider the stock is trading at 2 cents with only 97,595,274 O/S and very little debt. I've seen oil company's trading much higher with no revenue stream and a much higher O/S while carrying a very heavy debt load. In the least, you know your secure entering the stock at the current trading range.
Best case scenario is we find the 11 million barrels of oil:
11 million barrels x $70 a barrel = $770,000,000
$770,000,000 x 5% interest = $38,500,000
$38,500,000 / 97,595,274 shares outstanding = asset book value of 39 cents a share.
Now for real book value:
Asset from new well if proved = $38,500,000
$38,500,000 + $1,825,000 assets currently reported in most recent filing = $40,325,000
$40,325,000 - $612,000 in total liabilities reported on last SEC filing = $39,713,000 Total Stock Holder Equity
$39,713,000 Total Stock Holder Equity / 97,595,274 Shares Outstanding = 41 cents Book Value.
If they do hit recoverable oil, the book value of the stock will jump to 41 cents a share. Now when we consider that oil stocks are currently trading two - three times book value, we could theoretically see the stock trading to as high as $.82 - $1.23 in a very short period of time. That would generate one heck of a return for a stock currently trading at 2 cents a share. Now I am not speculating, nor do I believe the stock will ever trade to $1.23 but I have however proven it to be a real possibility if they do prove oil with the current drilling program.
This will be the second well for ORX Resources in this area, I seriously doubt they would drill another well that deep if they only expected to find natural gas again this time and not recoverable oil, especially when you consider the drilling to cost in excess of $5,000,000 and ORX Resources is putting up the majority of the cash from what I have found. This well is not a hoax or a phantom well that does not exit, I have even found licensing and permitting of this second well.
Either best case scenario or worst case scenario, I think I have proven without a doubt that the share price will move up with the results of the current drilling program taking place. I hope this has been helpful for those on the fence about investing in this stock.
Brad
Posted by tonicma on :
Oil heading to $80 before eow.
MXXR will keep on going up and up. A potential NDOL on our hands.
Major momentum, I can sense it a 10 bagger is not 20 bagger from here onwars.
Posted by Batman on :
quote:Originally posted by tonicma: Oil heading to $80 before eow.
MXXR will keep on going up and up. A potential NDOL on our hands.
Major momentum, I can sense it a 10 bagger is not 20 bagger from here onwars.
MXXR has been making some nice, steady gains. I agree about MXXR being a potential multi-bagger. Not only are there thing heating up in the middle east, there's also North Korea, and hurricane season, which could be worse than last.
Posted by J_U_ICE on :
This definitely has great potential. Keep up the great DD BATMAN.
Posted by Batman on :
Matrixx Resource Holdings, Inc.: Weekly Drilling Update on Clovelly South Prospect
MALIBU, CALIFORNIA -- (MARKET WIRE) -- 07/17/06 -- Matrixx Resource Holdings, Inc. (OTCBB: MXXR), announced the Company has been notified by the operator that as of early this morning the well has reached a depth of 12,704 feet.
Daily reports provided from the site indicate operations are continuing to remain normal. The drill rate since the last announcement is averaging 9.1feet per hour. The Company and the operator anticipate hitting the original target depth of 13,500 feet by early next week. Drilling is expected to slow between the "M" and "P" Sand depths and should be reached by early the following week. Progress and results will be updated weekly.
As previously announced, the original proposed target was to test the "M" Sand at a depth of approximately 13,500 feet with a prospective size of 3.6 million barrels of oil. After further geophysical review of a 3D Seismic survey of the property, the operator and the interest owners of the prospect and put forth a further development plan for a deeper horizon. The additional drilling target will test the "P" Sand at approximately 14,200 feet, and if successful, would significantly increase the reserves in the well to an anticipated 11 million barrels of oil for a nominal increase in the dry hole cost. A discovery would lead to the drilling of several development wells on the 1260 acre property where facilities for the production of the well are available.
While global political turmoil continues to keep oil prices near $75 per barrel and some recent analysts' reports predict that oil could reach as high as $100 a barrel in the near future, the Company is moving forward in its efforts to acquiring additional growth and investment opportunities in this natural resource sector with the intent of providing the Company and its shareholders a much-improved increase in shareholder value. The Company is focused on increasing value by means on continuing acquisitions, development projects and exploration drilling through joint venture networks.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contacts: Matrixx Resource Holdings, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 ir*mrhi.net http://www.mrhi.net Posted by tonicma on :
Alright, good shake today
Posted by J_U_ICE on :
Posted by: BMiles Date:7/18/2006 12:31:37 AM
I think this week may present the most upside potential for this stock yet. The PR Thursday mentioned other things besides our drilling and I am especially interested in the 4 new opportunities they are looking at. They stated in that PR that they would be releasing more details on those opportunities. If they announce the details or letters of intent this week, the sky will be the limit as we have already broken through the toughest resistance points already.
I stated all along we would see double digits by Friday last week, I was obviously wrong but if the symbol change had not happened and jacked up everyone's ability to trade, there is no telling where the stock would have gone Friday morning. I have no reservations of sticking my neck out again and stating we will see double digits this coming week. There are just too many possibilities out there to keep us all hanging on.
There is the anticipation of reaching 3,500 feet around the 24th (Mind you that Allain LeBreton No. 1 is pumping 2.55 million cubic feet of gas from only 13,140 feet while we are currently at 12,704 feet), anticipation of news on the Hazard Lake Property, anticipation of news on the 4 new oil / gas opportunities, anticipation they will announce the rig has already hit gas. There are a lot of powerful PR's that could come on any given day this week and for the people flipping shares it has become very dangerous considering the company has showed on several occasions that they will release PR's during trading hours with no given warning. We are at a point now where we have strong support between 6.5 cents to 7 cents so the downside risk does have support. On the other side of the coin, we are done moving a 1/2 penny - 2 penny's a day. With the right news, we could see the stock moving in leaps of 5 or 6 cents in a day or more. These are reasons I have not sold a single share thus far.
Updated Math: The 5% doesn't seem like much but the numbers do not lie. The 14C filed on Friday revealed an updated share count of 104,721,648 shares outstanding so it is only fair that I also update my math on the potential book value of this stock if we are fortunate enough to tap into the 11 million barrel reserve. Though oil prices have hit $78 a barrel, I will still use $70 for my calculation.
Now for the fun part -
11 million barrels x $70 a barrel = $770,000,000
$770,000,000 x 5% interest = $38,500,000
$38,500,000 / 104,721,648 shares outstanding = asset book value of 37 cents a share.
Now for real book value:
Asset from new well if proved = $38,500,000
$38,500,000 + $1,825,000 assets currently reported in most recent filing = $40,325,000
$40,325,000 - $612,000 in total liabilities reported on last SEC filing = $39,713,000 Total Stock Holder Equity
$39,713,000 Total Stock Holder Equity / 104,721,648 Shares Outstanding = .38 cents Book Value.
Bottom line is all of you have to decide what you can live with as it pertains to your ins and outs of this stock. I may post my opinions and let you in on my trading pattern but I am by no means perfect either. I can live with holding all of my shares right now for the reasons I have given but you have to decide what you think is best for you and don't let myself or anyone else on this board make you feel guilty one way or the other. The best thing to do is to do your own DD and then you will likely make the most educated decisions.
Posted by evensooner on :
Bounced off 10 day again today. Has been doing this during the current run. Should continue at least until drilling news is out next week.
Posted by J_U_ICE on :
Matrixx to Acquire Buck Snag Field Prospect Jul 19, 2006 8:00:00 AM
LOS ANGELES, CALIFORNA -- (MARKET WIRE) -- 07/19/06 -- Matrixx Resource Holdings, Inc. (OTCBB: MXXR) announced today that it has agreed in principle to acquire a majority interest in the Oil and Gas Prospect known as the Buck Snag Field Prospect.
The agreement calls for Matrixx to acquire an undivided 57% interest covering 280 acres of land in Colorado County, Texas. Shallow development wells will be drilled on the property and completed to produce by-passed and attic gas reserves. The first well will be drilled to a depth of approximately 4,500 feet.
Drilling is expected to begin approximately August 15, 2006. Recoverable reserves for the project are estimated at 2 to 3 BCFG (Billion Cubic Feet of Gas). Net drilling cost is expected at $170,000 and net completion cost is expected to be at $160,000.
Closing on this acquisition is expected within 15 days. Matrixx will continue to seek additional opportunities to add value to its property holdings through acquisition. Matrixx believes that these additional assets will provide the Company and its shareholders a much-improved increase in shareholder value. Further, the Company will be filing the required forms and exhibits with the SEC and sending notice to shareholders on a timely basis. Terms and conditions of the transaction will also be provided in the aforementioned notices.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "scheduled", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contacts: Matrixx Resource Holdings, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 (310) 456-1778 (FAX) ir*mrhi.net www.mrhi.net Posted by BLACKBEARD on :
i saw on the news the other night that colorado may hold the biggest oil reserve in the world. NICE
Posted by J_U_ICE on :
moving again
Posted by J_U_ICE on :
up 24%
Posted by J_U_ICE on :
up 31%
Posted by Batman on :
Sweet!
Posted by ottoman on :
MXXR should be nice for Friday Posted by J_U_ICE on :
Matrixx Resource Holdings, Inc.: Weekly Drilling Update on Clovelly South Prospect
Internet Wire via COMTEX
Aug 4, 2006 8:01:19 AM
LOS ANGELES, CALIFORNIA, Aug 04, 2006 (MARKET WIRE via COMTEX News Network) --
Matrixx Resource Holdings, Inc. (OTCBB: MXXR) announced today that we have encountered a charged sand at 14,280 feet, which is believed to be a stringer sand located approximately 50 feet above the anticipated "M" sand.
Seven inch protective casing is currently being set to protect the hole after the operator has elevated mud weight to 12.6 pounds per gallon to contain the pressure while circulating gas out of the hole.
The well is nearing its objective and the operator of the well reported on August 3, 2006 that a "drilling break" was encountered from 14,275 feet to 14,280 feet. A "drilling break" is defined as encountering "reservoir quality sand" and pressure, in this case, gas is entering the well bore.
It is anticipated that another 200 feet will be drilled to get through the objective "M" sand. Drilling may proceed to 14,700 feet if necessary to complete the objective.
While global political turmoil continues to keep oil prices near $75 per barrel and some recent analysts' reports predict that oil could reach as high as $100 a barrel in the near future, the Company is moving forward in its efforts to acquiring additional growth and investment opportunities in this natural resource sector with the intent of providing the Company and its shareholders a much-improved increase in shareholder value. The Company is focused on increasing value by means on continuing acquisitions, development projects and exploration drilling through joint venture networks.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "scheduled", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contacts: Matrixx Resource Holdings, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 (310) 456-1778 (FAX) ir*mrhi.net www.mrhi.net
Copyright 2006 Market Wire, All rights reserved.
Posted by kilikili on :
Up 36%
Posted by kilikili on :
Moved up 44%
Posted by J_U_ICE on :
MXXR (.055)Drilling Commenced on the Buck Snag Field Prospect Aug 11, 2006 9:32:00 AM
LOS ANGELES, CALIFORNIA -- (MARKET WIRE) -- 08/11/06 -- Matrixx Resource Holdings, Inc. (OTCBB: MXXR), announced today that the well on the Buck Snag Prospect has Spudded.
Matrixx has been informed by the operator that drilling of the first well began on August 9, 2006. The No 1. Schurring well progress report as of yesterday afternoon indicated drilling to 561 feet. 8 5/8 surface casing was set to 531 feet. It is anticipated to take approximately 5 days to get to logging depth and a week to reach target depth.
The well is located on the Buck Snag interest covering 280 acres of land in Colorado County, Texas. Shallow development wells will be drilled on the property and completed to produce by-passed and attic gas reserves. The first well will be drilled to a depth of approximately 4,500 feet.
While global political turmoil continues to keep oil prices near $75 per barrel and some recent analysts' reports predict that oil could reach as high as $100 a barrel in the near future, the Company is moving forward in its efforts to acquiring additional growth and investment opportunities in this natural resource sector with the intent of providing the Company and its shareholders a much-improved increase in shareholder value. The Company is focused on increasing value by means of continuing acquisitions, development projects and exploration drilling through joint venture networks.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contacts: Matrixx Resource Holdings, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 ir*mrhi.net www.mrhi.net Posted by kilikili on :
Press Release Source: Matrixx Resource Holdings, Inc.
Matrixx Resource Holdings, Inc.: Update on the Buck Snag Field Prospect Wednesday August 16, 12:26 pm ET
LOS ANGELES, CALIFORNIA--(MARKET WIRE)--Aug 16, 2006 -- Matrixx Resource Holdings, Inc. (OTC BB:MXXR.OB - News), announced today that we have reached target depth on the Buck Snag Field Prospect.
ADVERTISEMENT Matrixx has been informed by the operator that drilling of the first well has reached its target depth of 4,400 feet. The No 1. Schurring well will be logged, and the results will be furnished upon completion of the report.
The well is located on the Buck Snag interest covering 280 acres of land in Colorado County, Texas. Shallow development wells will be drilled on the property and completed to produce by-passed and attic gas reserves. Subsequent well locations and depths will be keyed off the geology of the first well.
While global political turmoil continues to keep oil prices near $75 per barrel and some recent analysts' reports predict that oil could reach as high as $100 a barrel in the near future, the Company is moving forward in its efforts to acquiring additional growth and investment opportunities in this natural resource sector with the intent of providing the Company and its shareholders a much-improved increase in shareholder value. The Company is focused on increasing value by means on continuing acquisitions, development projects and exploration drilling through joint venture networks.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "scheduled", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contact:
Contacts: Matrixx Resource Holdings, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 (310) 456-1778 (FAX) ir*mrhi.net http://www.mrhi.net Posted by captain america on :
Matrixx Resource Holdings, Inc.: Double Zone Gas Discovery on the Buck Snag Field Prospect
LOS ANGELES, CALIFORNIA, Aug 17, 2006 (MARKET WIRE via COMTEX News Network) --
Matrixx Resource Holdings, Inc. (OTCBB: MXXR), announced today that it has a double zone gas discovery on the prospect known as Buck Snag.
The No. 1 Schiurring well reached total depth of 4,400 feet on August 16, 2006. Electric logs indicate an 8 feet-thick gas sand at a depth of 2,030 feet and a 6 feet-thick gas sand at 1,810 feet. In addition to the logs, formation test recovered gas with no water and indicated normal pressure while sidewall cores also indicate gas bearing sands with porosity and permeability of commercial quality.
The well will be completed in the 2,030-foot sand and placed on production through existing pipelines. The operator is estimating that the well will flow at a rate of 200 to 300 MCF of gas per day and that total estimated recoverable reserves to the two sands are between 0.5 to 1 BCF of gas.
Hydrocarbon indicators exist at several deeper zones as evidenced by log analysis and sidewall cores, although these were deemed not to be commercial at this location.
The operator plans to drill up to five offset wells to the deeper sands commencing before the end of 2006. Buck Snag is part of a larger drilling program in Colorado and Brazoria County, Texas, with the operator, Sunray Operating Company.
While global political turmoil continues to keep oil prices near $70 per barrel and some recent analysts' reports predict that oil could reach as high as $100 a barrel in the near future, the Company is moving forward in its efforts to acquiring additional growth and investment opportunities in this natural resource sector with the intent of providing the Company and its shareholders a much-improved increase in shareholder value. The Company is focused on increasing value by means on continuing acquisitions, development projects and exploration drilling through joint venture networks.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contacts: Matrixx Resource Holdings, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 (310) 456-1778 (FAX) ir*mrhi.net www.mrhi.net
SOURCE: Matrixx Resource Holdings, Inc.
mailto:ir*mrhi.net http://www.mrhi.net Copyright 2006 Market Wire, All rights reserved.
Posted by J_U_ICE on :
Posted by: BMiles In reply to: None Date:8/17/2006 2:10:23 AM Post #of 21305
$3,962,925 / 104,721,648 shares outstanding = asset book value addition of 3.8 cents a share
3.8 cents a share + current book value of 1.6 cents = 5.4 cents per share
Considering most Oil / gas companies trade 2 - 3 times book value, in my mind my shares are now worth 10.8 cents - 16.2 cents. JMO
In addition they plan to drill 5 more wells on this property over the next 4 1/2 months so the sky becomes the limit.
We have two proven gas wells, one of which is likely to also produce oil as well when completed, we are going to drill 5 more gas wells over the next 4 1/2 months on the property we just proved, we have three other acquisitions in the works and a gold mining prospect as well. Do any of you see any downside coming. lol
What I see and expect is for the stock to start a solid trend channel up, considering the fundamentals, all short are now forced to cover. In my opinion you will see a trend channel form heading up, this trend will be solid and will have a sold base line as each month they will announce 1 - 2 new wells coming on line. Shorts have no choice, the fundamentals are now there. Prepare for the 30's very soon.
JMO, Brad
The info and DD I provide is accurate and factual to the best of my knowledge but still I am human and you should always do your own DD.
Posted by J_U_ICE on :
Posted by: BMiles Date:8/20/2006 3:44:15 PM Post #of 1775
Check this out -
How many of you believe in patterns and believe that history repeats itself. Take a close look at this chart I have attached and the Oscillators I have included. If history repeats itself then I would say we are currently matching the second week of June, we are currently equal to about where the stock was on June 9th. If that is the case, T/A says we are about to see the stock move to 27 cents. http://stockcharts.com/h-sc/ui?s=MXXR&p=D&yr=0&mn=6&dy=0&id=p58725454474
Just something to look at,
Brad
Posted by tmanfromtexas on :
Matrixx Resource Holdings, Inc.: Buck Snag Field Prospect in Production
By Market Wire Last Update: 8/28/2006 8:02:03 AM Data provided by
LOS ANGELES, CALIFORNIA, Aug 28, 2006 (MARKET WIRE via COMTEX) -- Matrixx Resource Holdings, Inc. (MXXR), announced today that the No. 1 Schiurring Well on the Buck Snag Field Prospect has been completed and has opened for sales.
On August 23, 2006 the No. 1 Schiurring Well in Colorado County, Texas, was completed in the 2,030 foot sand and placed into production. Initial flow rate commenced at 120 MCF of gas per day, and after the water cleanup, well production is expected to increase to 300 MCF of gas per day.
Gas production and sales began after only two weeks of the commencement of drilling and within one week of reaching the total depth of the well. Total estimated recoverable reserves are expected to be approximately 1 BCF of gas.
"We are pleased to have put the first Buck Snag well into production quickly and with excellent results," said CFO Catherine Thompson. "Additionally, to further advance the Company's progress, we met with our partner and the operator last week to review other existing opportunities encompassing this prospect. We have decided to drill three offset wells with plans to complete them before the end of this year," she further states.
The Company's participation in the Buck Snag Field is part of a larger drilling program in Colorado and in Brazoria Counties, Texas, with the well operator, Sunray Operating Company.
b/a .061/.063 Friday close .058. TMAN...
Posted by captain america on :
Matrixx Resource Holdings, Inc.: Drilling to Continue at Clovelly
LOS ANGELES, CALIFORNIA, Aug 30, 2006 (MARKET WIRE via COMTEX News Network) --
Matrixx Resource Holdings, Inc. (OTCBB: MXXR), announced today that it has met with the operator late last week to discuss the status and options surrounding the Allain-Lebreton No.2 well on the Clovelly Prospect.
After carefully reviewing the available options, it has been determined at this point to initiate several courses of action. Certain discoveries and findings previously announced while drilling the No. 2 well has caused drilling a "twin" hole to become a certain and viable option. A twin hole is described as drilling a well adjacent to an existing well, such as the No. 2 well. Additionally, for economical feasibility, it is planned to drill as soon as practicable, an additional well known as a PUD (Proven, Undeveloped) well up-structure to a target depth of 12,500. The PUD recoverable reserves are estimated at 250,000 barrels of oil with an upward potential of 500,000 barrels.
Drilling of the twin will take place to the expected "M" sand. The Company expects drilling of the twin to take place near the original well so that we may tap into the first gas discovery found; while, simultaneously at a distance as not to encounter unfavorable conditions as a result from the initial hole. This is done to maintain the integrity of the new drilling location.
The No. 2 well encountered a two foot gas discovery, but due to the location of the hole, the drilling may have occurred offset whereby an additional 28 feet of discovery may exist containing up to 5 Bcfg (billion cubic feet of gas) valued at nearly $35 million. While the gas discovery might be considered as an added benefit, the intended cause of drilling the twin is primarily to target what is known as the "M" sand at or about 14,300 feet to 14,500 feet with a prospective size of 10 to 11 million barrels of oil. The Clovelly field has produced over 30 million barrels of oil, most of which occurred in the "M" sand.
Drilling of the PUD well will likely occur prior to, or concurrently with, the drilling of the twin well and is expected to assist in offsetting cash outlays required for the new well. It is anticipated that this will occur in the late fourth quarter 2006 or early first quarter 2007. Expectations are to drill to the proven undeveloped target zone in order begin sales on the Clovelly prospect.
Drilling of the No. 2 twin may require a rig capable drilling to deeper depths and with additional horsepower to withstand gas pressure as encountered in the previous well. We have taken an immediate, proactive response and are in line to receive such rig. Lastly, the decision was made based primarily on the fact that cost associated with washing and sidetracking versus twinning a new hole was marginal. The controlling and safety factor of a new hole and the PUD well versus washing and sidetracking was not.
While global political turmoil continues to keep oil prices near $70 per barrel and some recent analysts' reports predict that oil could reach as high as $100 a barrel in the near future, the Company is moving forward in its efforts to acquiring additional growth and investment opportunities in this natural resource sector with the intent of providing the Company and its shareholders a much-improved increase in shareholder value. The Company is focused on increasing value by means on continuing acquisitions, development projects and exploration drilling through joint venture networks.
Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Matrixx to complete the proposed acquisition(s), the results of Matrixx's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Matrixx to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contacts: Matrixx Resource Holdings, Inc. Catherine Thompson Media & Investor Relations (310) 456-3199 ir*mrhi.net www.mrhi.net
SOURCE: Matrixx Resource Holdings, Inc.
mailto:ir*mrhi.net http://www.mrhi.net Copyright 2006 Market Wire, All rights reserved.
Posted by tmanfromtexas on :
One thing about MXXR is that they dont overhype their PR's and actually have wells on line per previous pr's. TMAN...
Posted by tmanfromtexas on :
Good news and it dives like a ww2 sub. I sure can pick em. lol. TMAN...
Posted by artfink on :
It's not really good news when this well was supposed to be done over a month ago, and it has been nothin but problems. I think mxxr has a lot going for it, but until this well is fixed and figured out, the price isn't going anywhere.
![[Smile]](smile.gif)