MATRIXX RESOURCE HLD (MXXR.OB) (Ex-Vinoble)
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LOS ANGELES, CALIFORNIA -- (MARKET WIRE) -- 08/08/06
Matrixx Resource Holdings, Inc. (OTCBB: MXXR) announced today that the operator has informed Matrixx that the drilling company has moved its rig and equipment onto the drilling site in preparation for the captioned well.
Drilling is expected to begin on the No. 1 Schiurring well within one week. It is anticipated to take approximately one week to drill the well to the logging point. 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.
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
Matrixx Resource Holdings, Inc.: Drilling Update on Clovelly South Prospect
2006-08-10 10:24 ET - News Release
LOS ANGELES, CALIFORNIA -- (MARKET WIRE) -- 08/10/06
Matrixx Resource Holdings, Inc. (OTCBB: MXXR) announced today an update on the Clovelly South Prospect.
The Company announced last week that it had 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. This is described as a small layer of sand in the earth that typically has oil and gas properties. It is expected that the objective sand known as the "M" sand could be as near as 50 feet below this stringer sand.
While drilling, the well encountered a gas flow and pressure. It was required at that point to increase the weight of the mud in the well to contain the pressure while circulating the gas out of the hole in order to maintain positive control of the well.
Subsequently, it has been determined that to continue drilling in order to pierce the sand, casing the entire hole would be required to protect the well. Thus, it would be necessary to remove the entire bottom hole assembly and drilling shaft prior to casing the well.
While pulling the assembly out of the hole, the drill pipe engaged debris in the well bore rendering it unable to rotate. In consideration of our significant progress, it is imperative at this point we secure and protect the well. Techniques known as fishing will occur in order to recover the drill shaft and bit. Until such event occurs, we will continue to circulate mud at weights necessary to control the gas and pressure.
Once secure, recovery of the pipe will take place. This may occur by using wash pipe, which is pipe layered over the drill pipe and lowered down the well over the area which contains the debris. Should this be ineffective, it is likely sidetracking the well and continuing to our objective will take place. This could take additional time not previously anticipated. However, although disappointed by the delays, we are pleased that the well continues to show significant progress in achieving and completing our objective.
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
....in einer Woche haben sie die gewünschte bzw. gezielte Tiefe erreicht!!
Matrixx Resource Holdings, Inc.: Drilling Commenced on the Buck Snag Field Prospect
2006-08-11 09:32 ET - News Release
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
Recent Trades - Last 10
Time Ex Price Change Volume
09:55:34 Q 0.058 +0.003 30,000
09:55:34 Q 0.058 +0.003 5,000
09:54:02 Q 0.058 +0.003 5,000
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09:32:33 Q 0.054 -0.001 25,000
Time Ex Price Change Volume
14:29:27 Q 0.06 +0.0072 1,500 <- sind zwar nur 90$
14:26:29 Q 0.054 +0.0012 9,000
14:26:09 Q 0.054 +0.0012 1,000
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13:31:56 Q 0.058 +0.0052 600
Matrixx Resource Holdings, Inc.: Update on the Buck Snag Field Prospect
2006-08-16 12:26 ET - News Release
LOS ANGELES, CALIFORNIA -- (MARKET WIRE) -- 08/16/06
Matrixx Resource Holdings, Inc. (OTCBB: MXXR), announced today that we have reached target depth on the Buck Snag Field Prospect.
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.
Contacts:
Matrixx Resource Holdings, Inc.
Catherine Thompson
Media & Investor Relations
(310) 456-3199
(310) 456-1778 (FAX)
ir@mrhi.net
www.mrhi.net
Gas haben sie gefunden, Öl ist wahrscheinlich, aber auch schon Gas wirft ganz schön Geld ab...
Angehängte Grafik:
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Matrixx Resource Holdings, Inc.: Double Zone Gas Discovery on the Buck Snag Field Prospect
2006-08-17 08:00 ET - News Release
LOS ANGELES, CALIFORNIA -- (MARKET WIRE) -- 08/17/06
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
Time Ex Price Change Volume
09:33:25 Q 0.064 +0.003 4,500
09:33:25 Q 0.065 +0.004 4,500
09:32:58 Q 0.065 +0.004 20,000
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09:30:17 Q 0.065 +0.004 10,000
Time Ex Price Change Volume
09:41:37 Q 0.068 +0.007 4,999
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09:41:03 Q 0.065 +0.004 5,000
freue mich schon darauf wie das ding hier abgehen wird *gggggg*
Recent Trades - Last 2
Time Ex Price Change Volume
09:30:16 Q 0.068 +0.005 15,000
09:30:12 Q 0.06 -0.003 750
Nach so einer guten Nachricht von gestern...
Recent Trades - Last 10
Time Ex Price Change Volume
10:23:48 Q 0.0596 -0.0034 91,644
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Matrixx Resource Holdings, Inc.: Buck Snag Field Prospect in Production
2006-08-28 08:00 ET - News Release
LOS ANGELES, CALIFORNIA -- (MARKET WIRE) -- 08/28/06
Matrixx Resource Holdings, Inc. (OTCBB: 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.
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.
Konstantine Tsakumis
Media & Investor Relations
(310) 456-3199
(310) 456-1778 (FAX)
ir@mrhi.net
www.mrhi.net
Time Ex Price Change Volume
09:31:21 Q 0.063 +0.005 15,000
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09:37:08 Q 0.063 +0.005 15,000
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