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TXHG - Someone has been supporting/accumulating this stock over the past several weeks. No news in almost a month, and instead of going down in price this has been going up.
The charts are screaming buy, and the company is way over due for news.
Kaad_g
TXHG has gone from .70s to .95 since the big spike on Volume the Friday before last on virtually no news. Volume at about 100,000 a day is above the norm so it would appear that someone knows something and continues to buy. The rumor continues that we could see news, and it's hoped that it's a an infusion of cash so they can start pumping oil this summer. The wells are there, they just need to upgrade them.
Watch to see if it continues to move up Monday.
Over 25 million barrels in recoverable oil and only 19 million shares out with no debt.
Kaad_g
TXHG has gone from .70s to .95 since the big spike in Volume the Friday before last on virtually no news. A base has formed in the high .80s to low .90s so it should move up well on news. It would appear that someone knows something and continues to buy. The rumor continues that we could see news, and it's hoped that it's a an infusion of cash so they can start pumping oil this summer. The wells are there, they just need to upgrade them.
Over 25 million barrels in recoverable oil and only 19 million shares out with no debt.
Kaad_g
TXHG has gone from .50 to .95 in the last 10 days and there's been no news yet. Something is going on. Next week should prove interesting.
Kaad_g
TXHG - Still no news. Last Friday's huge spike in volume (which came out of nowhere) seem to indicate news was coming; and the rumor was that it was financing. The fact that we still haven't seen any news may point to insiders doing most of the buying Friday.
Normally, each day that passes without news would cause a stock to edge lower; but TXHG is still at .90! Every time it begins to dip, someone picks up more shares. This bodes well for the next run when news does come out.
Remember: 25.8 million barrels of net recoverable reserves. The wells are already there, they just need upgrades, and there are only 19 million shares out. I still think something is up, I just couldn't say when we will know what that something might be.
Kaad_g
TXHG - Expecting news. The stock did very well yesterday with good volume. I was expecting it to consolidate; and although many traders sold, they're was a lot of buying to keep the ask near the previous day's high. This should bode well for the next run up. Rumor was that we should see financing news this week so keep watching.
Kaad_g
Yes, you are right of course; ARD is on the AMEX, pumping oil and is profitable now. But ARD also started out small and was a complete unknown at one time. You must admit the similarities in the low share count and oil reserves are interesting.
The low share count and the possibility of pumping oil this summer sure is a compelling reason to watch TXHG.
At the very least, I think next week could be exciting. :)
Kaad_g
Thanks for that mick. I have been touting this stock for a while, and very few people believed it, but some are believing it now. I don't think there is a stock out there that has the same potential as this one.
Unlike so many other little Oil plays, they are not pumping out shares; only 19 million shares out (only 50M authorized) They don't have to drill because the wells are already there. It's in Texas and not some foreign country. All they have to do is come up with the money to upgrade the equipment, and they'll be up and running in a few months. I believe the volume Friday is because they got the money, so I think we'll see the volume and price increase next week.
Here is an interesting comparison I did on another thread:
Arena resources (ARD) has 30 million in reserves, 13.5 million shares out (float is over 10 million), and it goes for $38/share.
TX Holdings (TXHG) has 25.8 million in "recoverable" (the total is much higher) reserves, 19 million shares out (much lower float), and it goes for .75/share.
TXHG has been under the radar screen for a long time, but I think a few people will start to notice now.
Kaad_g
TXHG - Big spike in volume yesterday. I think we'll see news on a large infusion of cash next week. The only reason this company isn't two or three dollars a share now is because very few people believe this story. 25.8 million barrels of "recoverable" oil in shallow wells, in Texas, $20/barrel extraction costs, and only 19 million shares out. I already gave the incredible numbers this company will be worth once they start pumping oil. The problem is that most investors never believed they would pump the oil.
An infusion of cash will change their minds. Someone with a lot of money believes the story; watch this one unfold next week.
Kaad_g
TXHG - Big spike in volume yesterday. I think we'll see news on a large infusion of cash next week. The only reason this company isn't two or three dollars a share now is because very few people believe this story. 25.8 million barrels of "recoverable" oil in shallow wells, in Texas, $20/barrel extraction costs, and only 19 million shares out. I already gave the incredible numbers this company will be worth (On the RB board and a few boards here)once they start pumping oil. The problem is that most investors never believed they would pump the oil.
An infusion of cash will change their minds. Someone with a lot of money believes the story; watch this one unfold next week.
Kaad_g
Analyst report on TXHG (oil)
You can view the entire analyst report by looking at the latest news for TXHG
I crunched some numbers using the values reported on the Research Works, LLC analyst report on the RB board
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=TXHG&read=916
Here is what I wrote:
According to the Research Report, LLC research numbers, they are assuming a cost of $20/barrel to extract the oil (40% extraction costs at $50/barrel), so I will assume that the $30/barrel that’s left is profit. $30*25.4 million equals $762 million. Over a 10 year period that’s $76.2 million. Divide that $76.2 by 20 million shares and that’s $3.81/share. Using a conservative P/E of 10, that would be $38.1/share!!!
Even if we were to add another 20 million shares (without adding any additional wells because of future acquisitions) that would still be $19.05/share
These are very conservative numbers. Now lets use today’s prices (I’ll use $65/barrel), and continue to assume that the cost to extract the oil is $20/barrel; $65-$20 = $45/barrel profit. $45*25.4 million equals $1.143 Billion. Over a 10 year period that’s $114.3 million. Divide that by 20 million shares and that’s $5.72/share. Using a conservative P/E of 10 that’s $57.2/share
Using one of the comparison companies in the LLC research analyst report, Arena Resources Inc. (ARD) which has a P/E of 49; that would be $280/share!!!!!
If you double the share count (additional officers, cash needed for operations, etc.) you still have $140/share!
Unless someone here can see a mistake, these are incredible numbers. This is a great long term hold.
There are a lot of people who have no clue about this company because we are on the Pinks. Give it time; the stock price will go up. A year from now when we are on the AMEX people are going look back and kick themselves because they could of bought this for under dollar while it was on the Pinks.
Kaad_g
Analyst report on TXHG
You can view the entire analyst report by looking at the latest news for TXHG
I crunched some numbers using the values reported on the Research Works, LLC analyst report on the RB board
http://www.ragingbull.lycos.com/mboard/boards.cgi?board=TXHG&read=916
Here is what I wrote:
According to the Research Report, LLC research numbers, they are assuming a cost of $20/barrel to extract the oil (40% extraction costs at $50/barrel), so I will assume that the $30/barrel that’s left is profit. $30*25.4 million equals $762 million. Over a 10 year period that’s $76.2 million. Divide that $76.2 by 20 million shares and that’s $3.81/share. Using a conservative P/E of 10, that would be $38.1/share!!!
Even if we were to add another 20 million shares (without adding any additional wells because of future acquisitions) that would still be $19.05/share
These are very conservative numbers. Now lets use today’s prices (I’ll use $65/barrel), and continue to assume that the cost to extract the oil is $20/barrel; $65-$20 = $45/barrel profit. $45*25.4 million equals $1.143 Billion. Over a 10 year period that’s $114.3 million. Divide that by 20 million shares and that’s $5.72/share. Using a conservative P/E of 10 that’s $57.2/share
Using one of the comparison companies in the LLC research analyst report, Arena Resources Inc. (ARD) which has a P/E of 49; that would be $280/share!!!!!
If you double the share count (additional officers, cash needed for operations, etc.) you still have $140/share!
Unless someone here can see a mistake, these are incredible numbers. This is a great long term hold.
There are a lot of people who have no clue about this company because we are on the Pinks. Give it time; the stock price will go up. A year from now when we are on the AMEX people are going look back and kick themselves because they could of bought this for under dollar while it was on the Pinks.
Kaad_g
TXHG NEWS! 36 million barrels of recoverable oil. The new reserve report shows five times more than the originally reserve report had shown.
http://biz.yahoo.com/pz/060411/97244.html
News came out yesterday afternoon, and I hear there may be another PR out before the week is out.
TXHG News! 37 million barrels of recoverable oil in shallow wells.
Kaad_g
TXHG News! 37 million barrels of recoverable oil in shallow wells.
Kaad_g
TXHG News! 37 million barrels of recoverable oil in shallow wells.
Kaad_g
TXHG - TX Holdings to Appear on Bloomberg Television
February 27, 2006 09:19:01 (ET)
MIAMI, Feb 27, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG) (the "Company") is pleased to announce IPITV, Inc. will be producing a piece on TX Holdings that will air on Bloomberg Television. In the coming weeks, TX Holdings and IPITV will be finalizing production details for the piece which will be aired on rotation airings throughout the day. IPITV's Business Today series will focus on the "Investment Corner" discussing the evolution of TX Holdings, current projects, and the merits of the corporation. Bloomberg Television reaches up to 86 million homes and has direct distribution to 169,000 financial institutions, major banks and organizations. Airing schedule will be published as details become available.
The management of TX Holdings is excited for the opportunity to communicate with current and prospective shareholders through the world class media channels provided by Bloomberg television www.bloomberg.com/tv/ and IPITV, Inc. www.ipitv.com.
The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of TX Holdings, Inc. There are substantial risks associated with investing in development stage energy exploration companies. No securities commission or similar authority has in any way approved any of the information contained in this press release.
This Press Release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this Press Release which are not historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date indicated, and TX Holdings, Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
SOURCE: TX Holdings, Inc.
TX Holdings
Darren Bloom, 305-420-6781
www.txholdings.net
TXHG to appear on Bloomberg TV!!!!
TX Holdings to Appear on Bloomberg Television
MIAMI, Feb 27, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG) (the "Company") is pleased to announce IPITV, Inc. will be producing a piece on TX Holdings that will air on Bloomberg Television. In the coming weeks, TX Holdings and IPITV will be finalizing production details for the piece which will be aired on rotation airings throughout the day. IPITV's Business Today series will focus on the "Investment Corner" discussing the evolution of TX Holdings, current projects, and the merits of the corporation. Bloomberg Television reaches up to 86 million homes and has direct distribution to 169,000 financial institutions, major banks and organizations. Airing schedule will be published as details become available.
The management of TX Holdings is excited for the opportunity to communicate with current and prospective shareholders through the world class media channels provided by Bloomberg television www.bloomberg.com/tv/ and IPITV, Inc. www.ipitv.com.
The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of TX Holdings, Inc. There are substantial risks associated with investing in development stage energy exploration companies. No securities commission or similar authority has in any way approved any of the information contained in this press release.
This Press Release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this Press Release which are not historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date indicated, and TX Holdings, Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
SOURCE: TX Holdings, Inc.
CONTACT: TX Holdings
Darren Bloom, 305-420-6781
www.txholdings.net
Copyright Business Wire 2006
TXHG to appear on Bloomberg!!
TX Holdings to Appear on Bloomberg Television
MIAMI, Feb 27, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG) (the "Company") is pleased to announce IPITV, Inc. will be producing a piece on TX Holdings that will air on Bloomberg Television. In the coming weeks, TX Holdings and IPITV will be finalizing production details for the piece which will be aired on rotation airings throughout the day. IPITV's Business Today series will focus on the "Investment Corner" discussing the evolution of TX Holdings, current projects, and the merits of the corporation. Bloomberg Television reaches up to 86 million homes and has direct distribution to 169,000 financial institutions, major banks and organizations. Airing schedule will be published as details become available.
The management of TX Holdings is excited for the opportunity to communicate with current and prospective shareholders through the world class media channels provided by Bloomberg television www.bloomberg.com/tv/ and IPITV, Inc. www.ipitv.com.
The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of TX Holdings, Inc. There are substantial risks associated with investing in development stage energy exploration companies. No securities commission or similar authority has in any way approved any of the information contained in this press release.
This Press Release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this Press Release which are not historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date indicated, and TX Holdings, Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
SOURCE: TX Holdings, Inc.
CONTACT: TX Holdings
Darren Bloom, 305-420-6781
www.txholdings.net
Copyright Business Wire 2006
TX Holdings to Appear on Bloomberg Television
MIAMI, Feb 27, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG) (the "Company") is pleased to announce IPITV, Inc. will be producing a piece on TX Holdings that will air on Bloomberg Television. In the coming weeks, TX Holdings and IPITV will be finalizing production details for the piece which will be aired on rotation airings throughout the day. IPITV's Business Today series will focus on the "Investment Corner" discussing the evolution of TX Holdings, current projects, and the merits of the corporation. Bloomberg Television reaches up to 86 million homes and has direct distribution to 169,000 financial institutions, major banks and organizations. Airing schedule will be published as details become available.
The management of TX Holdings is excited for the opportunity to communicate with current and prospective shareholders through the world class media channels provided by Bloomberg television www.bloomberg.com/tv/ and IPITV, Inc. www.ipitv.com.
The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of TX Holdings, Inc. There are substantial risks associated with investing in development stage energy exploration companies. No securities commission or similar authority has in any way approved any of the information contained in this press release.
This Press Release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this Press Release which are not historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date indicated, and TX Holdings, Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
SOURCE: TX Holdings, Inc.
CONTACT: TX Holdings
Darren Bloom, 305-420-6781
www.txholdings.net
Copyright Business Wire 2006
TX Holdings to Appear on Bloomberg Television
MIAMI, Feb 27, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG) (the "Company") is pleased to announce IPITV, Inc. will be producing a piece on TX Holdings that will air on Bloomberg Television. In the coming weeks, TX Holdings and IPITV will be finalizing production details for the piece which will be aired on rotation airings throughout the day. IPITV's Business Today series will focus on the "Investment Corner" discussing the evolution of TX Holdings, current projects, and the merits of the corporation. Bloomberg Television reaches up to 86 million homes and has direct distribution to 169,000 financial institutions, major banks and organizations. Airing schedule will be published as details become available.
The management of TX Holdings is excited for the opportunity to communicate with current and prospective shareholders through the world class media channels provided by Bloomberg television www.bloomberg.com/tv/ and IPITV, Inc. www.ipitv.com.
The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of TX Holdings, Inc. There are substantial risks associated with investing in development stage energy exploration companies. No securities commission or similar authority has in any way approved any of the information contained in this press release.
This Press Release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this Press Release which are not historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date indicated, and TX Holdings, Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
SOURCE: TX Holdings, Inc.
CONTACT: TX Holdings
Darren Bloom, 305-420-6781
www.txholdings.net
Copyright Business Wire 2006
TXHG NEWS!
TX Holdings Acquires Exclusive Option on 14.5M Barrel Reserve
MIAMI, Feb 10, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG); the "Company") is pleased to announce it has purchased an exclusive option to buy the "Williams" leases situated in Callahan County, Texas. This option encompasses 843 acres of proven producing oil and gas leases, with estimated reserves of 14,500,000 barrels of oil with projected recovery rates of 40-50%. When these wells were first drilled, production was in excess of 10,000 barrels per month.
Of the entire lease approximately 343 acres have been developed to production, the remainder (500 acres) has yet to be fully developed and holds exciting potential for increased production and development. Production comes from the Fry, Tannehill and Bluff Creek formations, with the leases currently supporting 28 shallow wells (depths of less than 500 feet) and 5 deep wells (depth of 1800-4000 feet)
TX Holdings has contracted with top geological and reserve engineering specialists in order to validate the reserves as documented by a study conducted by the U.S. Department of Commerce and also in a supplemental reserve report conducted by Masada Oil and Gas. This due diligence is to ensure that all the title work, reserve estimates and geological data are as represented by the seller.
TX Holdings is very excited about the potential of this acquisition and anticipates closing on this property within 30 days subject to the timeliness of the engineering studies as well as the accuracy of the stated reserve reports. Upon finalizing the acquisition the company feels a comprehensive rework, re-completion and re-pressurization program on the lease will yield a very profitable long term acquisition for the company.
The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of TX Holdings, Inc. There are substantial risks associated with investing in development stage energy exploration companies. No securities commission or similar authority has in any way approved any of the information contained in this press release.
This Press Release contains 'forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this Press Release which are not historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date indicated, and TX Holdings, Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
SOURCE: TX Holdings, Inc.
CONTACT: TX Holdings
Mark Neuhaus, 305-420-6781
www.txholdings.net
Copyright Business Wire 2006
TXHG NEWS!
TX Holdings Acquires Exclusive Option on 14.5M Barrel Reserve
MIAMI, Feb 10, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG); the "Company") is pleased to announce it has purchased an exclusive option to buy the "Williams" leases situated in Callahan County, Texas. This option encompasses 843 acres of proven producing oil and gas leases, with estimated reserves of 14,500,000 barrels of oil with projected recovery rates of 40-50%. When these wells were first drilled, production was in excess of 10,000 barrels per month.
Of the entire lease approximately 343 acres have been developed to production, the remainder (500 acres) has yet to be fully developed and holds exciting potential for increased production and development. Production comes from the Fry, Tannehill and Bluff Creek formations, with the leases currently supporting 28 shallow wells (depths of less than 500 feet) and 5 deep wells (depth of 1800-4000 feet)
TX Holdings has contracted with top geological and reserve engineering specialists in order to validate the reserves as documented by a study conducted by the U.S. Department of Commerce and also in a supplemental reserve report conducted by Masada Oil and Gas. This due diligence is to ensure that all the title work, reserve estimates and geological data are as represented by the seller.
TX Holdings is very excited about the potential of this acquisition and anticipates closing on this property within 30 days subject to the timeliness of the engineering studies as well as the accuracy of the stated reserve reports. Upon finalizing the acquisition the company feels a comprehensive rework, re-completion and re-pressurization program on the lease will yield a very profitable long term acquisition for the company.
The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of TX Holdings, Inc. There are substantial risks associated with investing in development stage energy exploration companies. No securities commission or similar authority has in any way approved any of the information contained in this press release.
This Press Release contains 'forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this Press Release which are not historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date indicated, and TX Holdings, Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
SOURCE: TX Holdings, Inc.
CONTACT: TX Holdings
Mark Neuhaus, 305-420-6781
www.txholdings.net
TXHG NEWS!
TX Holdings Acquires Exclusive Option on 14.5M Barrel Reserve
MIAMI, Feb 10, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG); the "Company") is pleased to announce it has purchased an exclusive option to buy the "Williams" leases situated in Callahan County, Texas. This option encompasses 843 acres of proven producing oil and gas leases, with estimated reserves of 14,500,000 barrels of oil with projected recovery rates of 40-50%. When these wells were first drilled, production was in excess of 10,000 barrels per month.
Of the entire lease approximately 343 acres have been developed to production, the remainder (500 acres) has yet to be fully developed and holds exciting potential for increased production and development. Production comes from the Fry, Tannehill and Bluff Creek formations, with the leases currently supporting 28 shallow wells (depths of less than 500 feet) and 5 deep wells (depth of 1800-4000 feet)
TX Holdings has contracted with top geological and reserve engineering specialists in order to validate the reserves as documented by a study conducted by the U.S. Department of Commerce and also in a supplemental reserve report conducted by Masada Oil and Gas. This due diligence is to ensure that all the title work, reserve estimates and geological data are as represented by the seller.
TX Holdings is very excited about the potential of this acquisition and anticipates closing on this property within 30 days subject to the timeliness of the engineering studies as well as the accuracy of the stated reserve reports. Upon finalizing the acquisition the company feels a comprehensive rework, re-completion and re-pressurization program on the lease will yield a very profitable long term acquisition for the company.
The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of TX Holdings, Inc. There are substantial risks associated with investing in development stage energy exploration companies. No securities commission or similar authority has in any way approved any of the information contained in this press release.
This Press Release contains 'forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this Press Release which are not historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date indicated, and TX Holdings, Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
SOURCE: TX Holdings, Inc.
CONTACT: TX Holdings
Mark Neuhaus, 305-420-6781
www.txholdings.net
TXHG NEWS!
TX Holdings Acquires Exclusive Option on 14.5M Barrel Reserve
MIAMI, Feb 10, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG); the "Company") is pleased to announce it has purchased an exclusive option to buy the "Williams" leases situated in Callahan County, Texas. This option encompasses 843 acres of proven producing oil and gas leases, with estimated reserves of 14,500,000 barrels of oil with projected recovery rates of 40-50%. When these wells were first drilled, production was in excess of 10,000 barrels per month.
Of the entire lease approximately 343 acres have been developed to production, the remainder (500 acres) has yet to be fully developed and holds exciting potential for increased production and development. Production comes from the Fry, Tannehill and Bluff Creek formations, with the leases currently supporting 28 shallow wells (depths of less than 500 feet) and 5 deep wells (depth of 1800-4000 feet)
TX Holdings has contracted with top geological and reserve engineering specialists in order to validate the reserves as documented by a study conducted by the U.S. Department of Commerce and also in a supplemental reserve report conducted by Masada Oil and Gas. This due diligence is to ensure that all the title work, reserve estimates and geological data are as represented by the seller.
TX Holdings is very excited about the potential of this acquisition and anticipates closing on this property within 30 days subject to the timeliness of the engineering studies as well as the accuracy of the stated reserve reports. Upon finalizing the acquisition the company feels a comprehensive rework, re-completion and re-pressurization program on the lease will yield a very profitable long term acquisition for the company.
The information provided in this Press Release does not constitute an offer or a solicitation of an offer for the purchase or sale of any shares or other securities of TX Holdings, Inc. There are substantial risks associated with investing in development stage energy exploration companies. No securities commission or similar authority has in any way approved any of the information contained in this press release.
This Press Release contains 'forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this Press Release which are not historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date indicated, and TX Holdings, Inc. assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
SOURCE: TX Holdings, Inc.
CONTACT: TX Holdings
Mark Neuhaus, 305-420-6781
www.txholdings.net
TXHG -- The key here is that these are very shallow wells. They will be profitable the day they sign the agreement (in a few weeks). Unlike so many other little pump and dump companies that make extravagant claims, this one is for real………………….watch for more news.
Kaad_g
TXHG -- The key here is that these are very shallow wells. They will be profitable the day they sign the agreement (in a few weeks). Unlike so many other little pump and dump companies that make extravagant claims, this one is for real………………….watch for more news.
Kaad_g
Watch TXHG Monday. A new email campaign has started, so I think we'll see news Monday. People have been buying this for .50 and this is still a shell, so the news must be pretty big.
Real time level II on:
http://www.pinksheets.com/quote/quote.jsp?symbol=txhg
Here is their web site to do some DD:
http://www.txholdings.net/
I also noticed the web site hits have increased dramatically in the last few day, so people are taking notice.
Kaad_g
Watch TXHG Monday. An email campaign has started, so I'm sure we'll see some news. This is still a shell, yet people were buying it for .50/share, so the news must be pretty big.
Kaad_g
TXHG Several new email campaigns have started.
No doubt now we are going to see news next week.
We're having a hard time getting volume because investors are looking at this as an expensive shell. I think next week this will be a cheap oil company. People wouldn't be buying this at .47 unless they believed something big was coming.
19 mil shares out. http://www.txholdings.net/
Keep this on the radar screen.
Kaad_g
TXHG Several new email campaigns have started.
No doubt now we are going to see news next week.
We're having a hard time getting volume because investors are looking at this as an expensive shell. I think next week this will be a cheap oil company. People wouldn't be buying this at .47 unless they believed something big was coming.
19 mil shares out. http://www.txholdings.net/
Keep this on the radar screen.
Kaad_g
TXHG Several new email campaigns have started.
No doubt now we are going to see news next week.
We're having a hard time getting volume because investors are looking at this as an expensive shell. I think next week this will be a cheap oil company. People wouldn't be buying this at .47 unless they believed something big was coming.
Keep this on the radar screen.
Kaad_g
TXHG (oil) Volume picked up the last two days.
Volume should be even higher Monday. 19 million shares out, they don't put out fluff PRs every other day, they have never promoted, and the 10K came out a week ago to begin the process of getting off the Pinks.
Volume will be the clue. If it picks up Monday, then news should be near. If we get news next week, it will not be fluff; it will change the volume, price, and the company dramatically.
Kaad_g
TXHG (oil) Volume picked up the last two days.
Volume should be even higher Monday. I called this one too early but the facts haven't changed. 19 million shares out, they don't put out fluff PRs every other day, they have never promoted, and the 10K came out a week ago to begin the process of getting off the Pinks.
Volume will be the clue. If it picks up Monday, then news should be near. If we get news next week, it will not be fluff; it will change the volume, price, and the company dramatically.
Kaad_g
TXHG (oil) 10K is out!
Remember; officially this company is still a shell and has not been promoted to the public at all......very few people know this company exists! That's why the volume is so low with an ask of .45
I think that is all going to change next week. They will be going off the Pinks soon, and I believe we will see a HUGE press release before the end of the month. With the outstanding at less than 20 mil, it can move fast.
It's taken longer than I originally anticipated, but it's finally starting to come alive. Keep watching this one folks.
http://www.txholdings.net/
Kaad_g
TXHG (oil) 10K is out! Now we should see some PRs, watch for acquisition in the coming weeks!
19 mil shares outstanding
Kaad_g
TXHG (oil) 10K is out! Now we should see some PRs, watch for acquisition in the coming weeks!
Kaad_g
TXHG (oil) 10K is out! Now we should see some PRs, watch for acquisition in the coming weeks!
Kaad_g
Thanks momo player. Watch TXHG closely, I think you'll see both price and volume go up over the next week. It moves easily. News should be out very soon…….lots of news.
Kaad_g
TXHG--(oil) 17.8 million shares outstanding. The float is very low so it moves quickly.
They've just hired Masada Oil and Gas to retrieve the oil; they wouldn't have done that unless they had wells to get the oil from, so I think we'll hear about an acquisition soon. I also know that filing was a very high priority to get back on the Bulletin Board, so I think that will happen very soon too.
Get level II at Pinksheets.com More info at their web site.
http://www.txholdings.net/
Kaad_g