-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- Insanity: doing the same thing over and over again and expecting different results Posts: 491 | Registered: Jun 2006
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-------------------- This year I invested in pumpkins. They've been goin' up the whole month of October and I've got a feeling they're going to peek right around January and BANG! That's when I'll cash in! Posts: 305 | From: connecticut | Registered: Nov 2004
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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
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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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
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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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.netPosts: 712 | From: Pungo USA | Registered: Mar 2006
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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.
Posts: 330 | From: oregon | Registered: Dec 2004
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$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.
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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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
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
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...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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posted
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.
Posts: 330 | From: oregon | Registered: Dec 2004
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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.
Posts: 38 | Registered: Jul 2006
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