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Author Topic: MXXR (Matrixx Resource Holdings, Inc) used to be VNBL
Batman
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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

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Insanity: doing the same thing over and over again and expecting different results

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Batman
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Could gap in the AM, it went up today on no news.

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Batman
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VNBL is showing 100% buy at Barchart

http://quote.barchart.com/texsnap.asp?sym=VNBL

http://quote.barchart.com/texadv.asp?sym=VNBL

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tonicma
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Batman, gap was filled the past 3 days.

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.

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Batman
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tonicma, What is the highest that oil ever got to?

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Insanity: doing the same thing over and over again and expecting different results

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ArmySGT
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where it is at right now, news with israel at war with Hamas is not going away either, so expect it to go up
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Batman
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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

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Insanity: doing the same thing over and over again and expecting different results

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tonicma
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going to gap hard I see
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tonicma
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bid and as .075 .08
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tonicma
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OHHH, .80 that would be nice
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djg7
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I'm in at .08.
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Johnwayne
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Dang, tried but never had a chance to get in this one. Juped up too fast. Good luck all.

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Thanks Matto. Thanks Juice.

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Batman
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WoW opened at .08 and it's at .09 now

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Insanity: doing the same thing over and over again and expecting different results

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tmanfromtexas
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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...

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In the end, trust only yourself when trading stocks.

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tonicma
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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

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Batman
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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

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Insanity: doing the same thing over and over again and expecting different results

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tonicma
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4 MM between us and 10 cent resistance
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Batman
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I meant if it went up on no news, than it should go up with the news of symbol change

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Insanity: doing the same thing over and over again and expecting different results

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tonicma
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we cen go up to 10 ent today at this rate.
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worthashot
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Is MMXR showing up on your accounts?
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worthashot
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I mean mxxr, it isn't on my etrade account.
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worthashot
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I guess I can't complain since it is up over 20%.
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tonicma
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Looks like another 20 to 30% gain.

Hi, 30% a day gain is nice.

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worthashot
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Only 4 MMs to .10
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Batman
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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 todayís 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 JVís are anticipating. I don't seem to be the only one expecting to see value added to this stock, letís 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 companyís 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 PRís 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

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Insanity: doing the same thing over and over again and expecting different results

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Batman
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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.

LOCATION OF WORK: Lafourche Parish, LA: Section 7; T19S-R22E; Section 31 & 32, T18S-R22E

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 Engineersí 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

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Insanity: doing the same thing over and over again and expecting different results

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tonicma
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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.

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Batman
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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.

 -

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Insanity: doing the same thing over and over again and expecting different results

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J_U_ICE
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This definitely has great potential. Keep up the great DD BATMAN.

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The difference between genius and stupidity is that genius has its limits

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Batman
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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

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Insanity: doing the same thing over and over again and expecting different results

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tonicma
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Alright, good shake today
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J_U_ICE
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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.

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The difference between genius and stupidity is that genius has its limits

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evensooner
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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.
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J_U_ICE
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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

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The difference between genius and stupidity is that genius has its limits

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BLACKBEARD
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i saw on the news the other night that colorado may hold the biggest oil reserve in the world.
NICE

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PREPARE TO BE BOARDED

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