$$ Matrixx Res. Unglaubliche Resourcen? $$
ich drücke uns die daumen... weitere leiche die in meinem depot zuckt...
grüße
gianni
heute kommen NEW`S !!
Ich habe MXXR heute diese Mail geschrieben !!
Do I want only demands whether you received my mails ?
Or Your quiet says more than 1000 words!
Hello Konstantine,
I did not want to irritate you, I only wanted to know, what is with the UPDATE ?
With the best greeting, a friend !
Günter ( OilDragon )
Und habe diese Antwort soeben erhalten !!
Gunter,
My silence only means I am busy, nothing else! I expect something for you later today.
Regards,
Kon
ir@mrhi.net
[b]Wenn IHR IHM schreibt, dann ist es gut wenn IHR die Mail mit ( Dear Konstantine ) beginnt, denn dann geht die Mail direkt an Konstantine !!
ich würde sagen jeder schreibt Konstantine diesen Text !! ;)
Ihr dürft aber nicht Euren Vornamen am Schluss vergessen !! ;););)
Hello Konstantine,
Goes the stupid game further or gives it finally something new?
We stockholders are no idiots!
MXXR drives already for months its game with the stockholders!
Each game goes once to end!
A very disappointed stockholder !
grüße
gianni
hier ist etwas von DRÜBEN, zum 10Q-Bericht !!
They have to file the 10Q or the NT by COB Tuesday IMHO. They get 45 days from close of the qtr, which ended on March 31.
April has 30 days, so that makes May 15th equals 45 days, extension adds 5 more business days or Tuesday next week.
And of course as bad as management is here they will file late yet again and then file next week.
From MXXR's most recent 10-QSB for the quarter ended December 31, 2006 filed February 20, 2007:
Clovelly Prospect.
"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 drilling will occur in the late first calendar quarter of 2007."
Obviously, since we are now in the 2nd quarter of 2007, this will have to updated in the 10-QSB for the quarter ended March 31, 2007 when filed either this week or next week to reflect the current status of Clovelly.
Hopefully, MXXR issues a Clovelly news release before the 10-QSB gets filed but, if not, at least we should get some kind of idea about the current status of Clovelly when the 10-QSB gets filed.
I'm still hoping when, if ever, an update on Clovelly is provided, that MXXR will have increased it's ownership interest from 5% to 10% or even greater. May not be likely but it would be a nice surprise.
Ich denke genauso !!
Jetzt wird es wieder Skeptiker (Besserwisser) geben, welche IHR VETO einlegen werden !!
Ist mir aber egal !!
Matrixx to Acquire an Additional Interest in the Clovelly Prospect
Monday May 21, 4:00 pm ET
LOS ANGELES, CALIFORNIA--(MARKET WIRE)--May 21, 2007 -- Matrixx Resource Holdings, Inc. (OTC BB:MXXR.OB - News), announced today that it has agreed to acquire an additional interest in the Oil and Gas Prospect known as the Clovelly Prospect.
Matrixx has signed a purchase agreement to acquire an additional eleven percent (11%) working interest for a total of a sixteen percent (16%) working interest in the Clovelly Prospect. 3D Seismic survey of the property has caused for a plan test of the "P" Sand at approximately 14,700 feet, and if successful, would expect significant reserves in the well to an anticipated 11 million barrels of oil.
The well was originally drilled by Grey Wolf (AMEX:GW - News) under a turnkey contract with the operator to test the "M" at 13,500 feet. After not reaching the "M" sand at 13,500, the operator and its partners have agreed to continue to drill to approximately 14,200 feet to reach the "M" sand and to test the "P" sand. After drilling to 14,280 feet, we reached what is known as a stringer sand as well as a drilling break. A stringer sand is one that has evidence of oil in the sand. A "drilling break" is defined as encountering "reservoir quality sand" and pressure, in this case, gas was entering the well bore.
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At that point the gas pressure could not be regulated properly, therefore the well had to be plugged and abandoned for both safety and logistical reasons.
After carefully reviewing the available options, it had been determined to initiate several courses of action. Certain discoveries and findings 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.
Located 35 miles southwest of New Orleans in the Lafourche Parish, the Clovelly Field is a late piercement salt dome that traps hydrocarbon from Late to Middle Miocene time. Since its discovery in 1950, the field has produced in excess of 30 MMBO (Million barrels of oil) and 200 BCFG (Billion cubic feet of gas). Reservoirs typically exhibit moderate water drives and benefit from water and/or gas injection. Stone Energy Corporation (NYSE:SGY - News) has redeveloped the eastern flank of the field with additional drilling and water injection. Similar opportunities exist here at our proposed location.
Matrixx has remained steadfast in its efforts in acquiring growth and investment opportunities in the oil and gas sector with the intent of providing the Company and its shareholders a much-improved increase in shareholder value. Additionally, the Company is now positioned to aggressively exploit its properties to accelerate cash flow and to provide rapid returns on its investments in the oil and gas sector.
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 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, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
Contact:
Contacts:
Matrixx Resource Holdings, Inc.
Konstantine Tsakumis
Media & Investor Relations
(347) 647-1508
Email: ir@mrhi.net
Website: http://www.mrhi.net
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Source: Matrixx Resource Holdings, Inc.
Symbol: MXXR
June 4, 2007 - 4:00 AM EDT
Matrixx to Acquire Easter Field Prospect
Matrixx Resource Holdings, Inc. (OTCBB: MXXR), announced today that it has agreed in principle to acquire a significant interest in the Oil and Gas Prospect known as the Easter Prospect. The agreement calls for Matrixx to acquire a 37.5% interest covering 601 acres of land in Colorado County, Texas known as the Easter Prospect.
The first well will be drilled to the "Yegua Sand" at a depth of approximately 6,800 feet. Ten wells in the Yegua Sand within the Easter Field have produced cumulatively over 10 BCFG within 1.5 miles center of our expected test sand. Additionally, two wells have produced from three separate Yegua Sands on our structure. Each well produced 2.5 BCFG at half pressure depletion. Geological survey shows both wells to be flankish on the structure, whereby the test well is expected to be updip on the structure. With three zones recording hydrocarbon tests and production of 5 BCFG with only half pressure depletion, we expect no less than 5 BCFG in the center of the structure from the test well.
Developmental wells are expected to be drilled to both the "Miocine Sands" and the "Wilcox Sands". Wells producing commercial gas in the field have been found in the Miocine 1,760 and the "Stranger Sand". Additionally, commercial gas has been found at the Miocine 2,200, 3,300, 3,900, and 4,200 Sands within the Easter Field. The Wilcox Sands in this field are not yet proven; however, a test to 9,000 feet will be undertaken towards the end of this year.
The Yegua test is expected to begin in early August, 2007. Recoverable reserves are estimated to be 5 BCFG for the Yegua Sand, 5 BCFG for the Wilcox Sand, and 2 BCFG for the Miocine Sand. Total expected reserves are 12 BCFG.
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.
Matrixx has remained steadfast in its efforts in acquiring growth and investment opportunities in the oil and gas sector with the intent of providing the Company and its shareholders a much-improved increase in shareholder value. Additionally, the Company is now positioned to aggressively exploit its properties to accelerate cash flow and to provide rapid returns on its investments in the oil and gas sector.
grüße
gianni
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28-Jun-2007
Other Events
Item 8.01 Other Events.
A. Manvel Agreement
On August 28, 2006, the Registrant, a Delaware corporation ("Matrixx" or the "Company"), reached an agreement with Texhoma Energy, Inc. ("Texhoma") for the acquisition of a majority working interest in two wells located in Brazoria County, Texas (the "Manvel Agreement"). Pursuant to the terms of the Manvel Agreement, the Company was to receive a 55% working interest in the Manvel 2,000 ft. Miocene Exploration prospect for $20,000 and a 55% working interest in the Manvel 4,500 ft. Oakville Development well for $40,000.
Payment was made and closing of the Manvel transaction occurred November 2006. Subsequently, the Company conveyed a 10% working interest in the Manvel wells back to Texhoma as partial payment for a 10% participation in the Sandy Point Prospect. Currently, the Company has yet to receive the operating agreement, assignment, or any additional documentation pertaining to such agreement. Matrixx has been seeking remedy to this transaction.
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B. Clovelly Agreement
On May 21, 2007, the Registrant reached an agreement in principal with Texhoma for the acquisition of an eleven percent interest in the Clovelly Prospect. At the request of Texhoma the terms and conditions of the "Agreement" were to be treated as confidential, and were to be released subsequent to prior written approval, except as may be required by law. Payment by Matrixx to Texhoma on this transaction has yet to occur.
C. Manvel and Clovelly Agreements
Currently, both parties are working diligently to address the aforementioned transactions. The Company's position is to concurrently resolve both the Manvel and Clovelly agreements with Texhoma on a mutual basis.
Item 9.01 Exhibits.
10.4 Acquisition and Participation Agreement between Company and Texhoma Energy, Inc., dated August 28, 2006.
10.5 Letter Agreement between Company and Texhoma Energy, Inc. dated May 15, 2007
http://biz.yahoo.com/e/070628/mxxr.ob8-k.html