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$street.
They just bought the domain name texasoilandminerals.com on Apr 25, 2011.
While the website is being hosted by stocklogic.com it may be redirected to texasoilandminerals.com and has not been completed yet.
You might be jumping the gun. Let the Company do what they have to do and iron out the kinks.
Good Deal OTC. Confidence is key.
Today is a Furlough Day in California, California State Employees, from State offices, Court Houses, and Schools are all closed.
Families around California took off yesterday for a 4 1/2 day holiday.
Not the greatest day to put out a PR. Also, people will take off soon in NYC to make a 3 1/2 holiday out of it. It is routine.
No good to PR in the middle of today. But then again, who knows.
June is a week away. There is no way this $0.00 asset shell will be worth $1Billion in one week.
Even if stupid promoters say this, shareholders looking to seriously increase their value should not jump on board with absurd claims of $0 to $1Billion in a week. It makes the company look bad and makes the posters look even worse.
Let stick to reality and discuss real potential and valuations on what they plan on acquiring and how it will benefit shareholder value.
It really does exist and the company is in a good position to proceed forward. Promoting zero to 1 Billion in a week does nobody any good.
NDA is a Non-Disclosure Agreement. So I assume he is a deal man (or woman).
Salad, that goes without saying.
This could be a nice little company with opportunities available.
Good move so far. $11 Mil mkt cap. If they can start producing some oil and gas, this stock has more room to grow.
Whomever is promoting this to a billion dollars is an idiot and needs to leave. We do not need you to poison this thread with BS. Let's be real and develop a nice little gem here and not promote stupidity.
Agreed, Smith, Agreed.
Chief, I did not know that. I had no clue that so much oil was used in plastics
So it makes sense, that we just do not consume oil for strictly energy, but to make plastics. After reading the Chevron website, plastics are in everything from Carpet, clothes, medical devices, and in every other item we already know about such as water bottles, cars, etc.
Very interesting indeed that oil is responsible for just about everything we use in daily life.
Smith, did you read what I posted about Chevron's Plastics.
I just looked them up today. $3.2 Billion a year in Sales, and $6 Billion in Assets in Chevron's Plastic division. Plastics come from chemicals which come from oil.
it makes sense. It did not when I first read it. I remembered I had a family member who worked for Chevron Chemical and in plastics in Richmond CA. So when I looked it up on why Chevron was in plastics, their website is very enlightening and it all makes sense.
llbo, I see your point. Yes it would give them more room for financing. But if this is not a wholly owned subsidiary or even a majority owned subsidiary, my guess is that financing, or much of the financing will be at the subsidiary level. At least that is the usual norm on joint venture deals.
I would kinda like to see it done that way, as it would reduce the risk for the other projects they are working on.
meecors, I did not even think of that. Fed Grants and corporate restructuring. That makes sense.
yah, but if he doesnt say anything, its a waste. Well see.
People were posting last week or this week that were would be all this selling going on.
We have not seen that.
Oil crossed the $110 barrier. I emailed Alex the other day, told him I will be with my family in NYC for a few days and asked to visit.
He finally responded that he could meet for coffee but not tell me anything without reporting to everyone. He did say he expects a "flurry" of updates very soon. My guess is that if they just announced this new program, they may have some updates. Maybe rig data. I really do not know. He wont say much.
Good thing is, that there is not a lot of selling. But nobody is buying much either.
da mix, the continued rise in oil will continue to spur small domestics like mxxh.
Claudia thinks oil is going up because of good economic data. LOL. Everything is an excuse for oil going up. See, oil will just continue to rise.
Celsius,
Inexperience aside, they are a dime a dozen. There are so many chemists, real estate agents, college students who think they are stock traders. But oil is now moving past $107 overseas and benefits domestic explorers like Mxxh.
But as you can see Hong Kong shares advanced to take gains into a third straight session early Friday, with energy producers leading the way as benchmark Nymex crude-oil futures topped $107 a barrel amid turmoil in the Middle East and North Africa. The Hang Seng Index /quotes/comstock/08s!i:hsi (HK:HANGSENG 23,566, +38.69, +0.16%) rose 0.3% to 23,585.75, and the Hang Seng China Enterprises Index added 0.3% to 13,359.49. Shares of oil major Cnooc Ltd. /quotes/comstock/13*!ceo (CEO 253.07, +2.02, +0.81%) /quotes/comstock/22h!e:883 (HK:883 19.84, +0.24, +1.22%) added 1%, and PetroChina Co. /quotes/comstock/13*!ptr/quotes/nls/ptr (PTR 152.58, +0.33, +0.22%) /quotes/comstock/22h!e:857 (HK:857 11.94, +0.16, +1.36%) tacked on 1.4%. A 1% fall in heavyweight HSBC Holdings PLC /quotes/comstock/22h!e:5 (HK:5 80.60, -1.15, -1.41%) /quotes/comstock/13*!hbc/quotes/nls/hbc (HBC 51.77, -0.03, -0.06%) , following lackluster cues from Wall Street, restricted broad-market gains. Among Chinese lenders, China Merchants Bank Co. /quotes/comstock/22h!e:3968 (HK:3968 20.95, -0.60, -2.78%) fell 2.8%, and China Citic Bank Corp. /quotes/comstock/22h!e:998 (HK:998 5.42, -0.23, -4.06%) /quotes/comstock/11i!chbjf (CHBJF 0.65, -0.0050, -0.77%) dropped 3% despite strong 2010 results announced Thursday, to give up some of their recent gains. China's Shanghai Composite /quotes/comstock/16k!i:000001 (CN:SHCOMP 2,935, +6.95, +0.24%) climbed 0.1% to 2,930.15
da mix, this is beautiful for domestic explorers like Mxxh.
From the Washington Post:
By Steven Mufson, Wednesday, March 30, 11:23 PM
President Obama called Wednesday for a one-third cut in oil imports by 2025 to reduce U.S. reliance o
With rising gasoline prices at home and turmoil throughout the Middle East, Obama sought in a speech at Georgetown University to rally Americans — and lawmakers — behind a program his aides said draws equally from energy savings and increases in domestic energy production.
“We’ve been down this road before,” he said, acknowledging that several past presidents have made similar calls for greater energy independence. But, he added, “we can’t rush to action when gas prices are high and then hit the snooze button when prices are low again.”
He said that rising demand from developing countries such as China meant that future oil demand would rise faster than supplies. And he warned that even though current gasoline costs were pinching household budgets, “when you look at the long-term trends, there are going to be more ups in gas prices than downs in gas prices.”
Most facets of his plan are familiar, and none of them provides fast relief. “There are no quick fixes,” Obama said.n foreign petroleum.
da mix, this is good news for our domestic explorers like MXXH.....
Crude-oil futures ended the first quarter gaining 17%, rallying Thursday on news that rebels in Libya lost ground to government forces and getting support from a weaker dollar.
Crude for May delivery /quotes/comstock/21n!f:cl\k11 (CLK11 106.86, +0.14, +0.13%) added $2.44, or 2.4%, to settle at $106.72 a barrel on the New York Mercantile Exchange. Earlier, it had traded as high as $106.83 a barrel.
Oil gained 17% from Dec. 31, and 10% from Feb. 28. In the past three months, unrest in the Middle East and North Africa — starting in Tunisia in December and quickly spreading to Egypt and beyond — has rattled markets and spurred fears of supply constraints. Read more about how assets fared in the quarter.
In Libya, rebels tried to regroup after being outgunned by forces loyal to Moammar Gadhafi and losing the oil city of Ras Lanouf. A top Gadhafi regime official defected to the U.K.
“The focus is back on Libya,” said Matt Smith, an oil analyst with Summit Energy in Kentucky. “These signs of strength from pro-Gadhafi forces are highlighting that the issue is going to ramble on and on.”
Oil is at 106.86 in overseas trading. Going up even after US markets close. This is great for our Oil Exploration Co, MXXH.
BullDough,
While European nations, especially the PIIGS, are trying to reign in debt and bring their economic policy back into a sustainable path for growth. The US and the current Admin has clearly defined an economic policy that will cause the currencies to continue to diverge.
This will cause interest rates to rise in Europe due to inflation, and the US treasuries to stay high based on global crisis and failure to corral the US National debt.
This correlates to a continuing drop in the value of the dollar and further increases in the rise of oil and metals.
This again further benefits small domestic explorers like MXXH.
At least Italy, Spain, Greece, and Ireland are working on fixing their problems.
Cannot say the same for Portugal, but in time they will realize. Unless they want to live on sardines and wine. Which may be an option for them.
In the mean time, years of turmoil will help companies like MXXH in the exploration endeavors.
Bulldough, Oil is still holding near its highs of the day at $106.32, up almost 2% on the day. Analysts are still looking at Libya as the cause. This is good for all domestic oil companies including mxxh.
Marianothis, reason why Oil companies including mxxh will continue to do well is because the mid-east crisis.
From the AP today...
Oil prices climbed back above $105 a barrel Thursday after control of a key oil port swung back to forces loyal to Libyan leader Moammar Gadhafi, dimming hopes of a quick rebel victory and a restart of crude exports.
By early afternoon in Europe, benchmark crude for May delivery was up $1.20 to $105.47 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 52 cents to settle at $104.27 on Wednesday.
In London, Brent crude was up $1.28 at $116.41 a barrel on the ICE futures exchange.
On Wednesday, Gadhafi forces pushed rebels out of Ras Lanouf, an important oil terminal that has switched between the two sides several times since the uprising began last month. The latest rebel setback has raised speculation that coalition powers, which have bombed government forces for two weeks, may send ground troops to protect the rebellion or overthrow Gadhafi.
"The market is reacting to news from Libya that rebels have lost some ground again," said analysts at Commerzbank in Frankfurt. "An end to the fighting in Libya soon is thus not in sight and the resumption of oil shipments has moved into the far distance."
M, OIL is over $106, good for oil companies.
M, If the administration continues at this pace, it will continue to trash the dollar only causing the price of oil to increase. It will cause a further flurry in oil speculation. And if Matrixx is not just in exploration, but in the market to offer leases to other speculators, there is low capital risk involved for profit.
It is a very smart move at a time with global unrest.
As oil is traded globally and pegged at the dollar, while the dollar takes a hit, it forces the global price of oil to increase. For the next 2 years there is nowhere for the dollar, this will coincide with treasuries and oil.
I am also a firm believer of burying some silver treasure under your home.
marionothis,
I think that if the current administration causes policy to change and eventually makes it easier for investment into and further exploration and production of oil and natural gas, this will benefit most companies like Matrixx and many others.
What is going on now globally is setting a precedent. Things are changing, and with the advent of the royalty program, this will give potential investors and land owners an opportunity to benefit and profit. The opportunities are now open and endless due to the global crisis. This goes along with the increasing demand for energy in all the emerging and global markets.
marianothis, there is escalating turmoil globally, especially in the metals and energy sectors.
With the current administration admitting that we will have to use domestic sources of oil and natural gas, and the push to alternative sources asap, the US and all domestic exploration is going to pick up. Also, the price of oil will continue to rise. Especially if Syria and Yemen continue to escalate.
This bodes well for all domestic exploration companies.
If some guy wants to post about an uptick or down tick that is her choice.
The Global big picture should be focused on and not 1 millisecond in time.
As things deteriorate in Syria, the price of oil will stay stable at or near these ranges. This will be a fuel to cause domestic exploration to pick up.
To take a quote from that, "Obama outlined a plan to increase domestic energy production, including oil, biofuels and natural gas, and laid out incentives for fuel-efficient vehicles. He also stood by nuclear power, saying the U.S. would use “conclusions and lessons” from Japan’s nuclear disaster to build new power plants."
Obama included oil, and natural gas. There will be efforts domestically to increase production.
It is nice to see Obama promoting oil and natural gas. This will bode well for all US Energy Companies, irrespective of the source of the energy.
WASHINGTON (MarketWatch) — President Barack Obama outlined a plan to reduce oil imports and boost U.S. energy production on Wednesday, as Americans grapple with rising gasoline prices and as crude-oil futures trade above $100 a barrel.
n a speech at Georgetown University, Obama called for reducing oil imports by a third by 2025. Read prepared text of Obama's speech.
“The United States of America cannot afford to bet our long-term prosperity and security on a resource that will eventually run out,” Obama said.
Obama outlined a plan to increase domestic energy production, including oil, biofuels and natural gas, and laid out incentives for fuel-efficient vehicles. He also stood by nuclear power, saying the U.S. would use “conclusions and lessons” from Japan’s nuclear disaster to build new power plants.
Some of the ideas have been floated before, including during Obama’s State of the Union address in January.
It was the second time this month that Obama has spoken at length about U.S. energy policy. Republicans have been hammering the White House on energy. U.S. gasoline prices averaged $3.59 a gallon as of Monday, up nearly 80 cents from the pump price a year ago.
Gasoline prices have hit nearly $4 a gallon on the West Coast, according to the latest Energy Information Administration data, up almost 6 cents from a week ago. Read gasoline price data from the EIA.
Wednesday morning, crude for May delivery /quotes/comstock/21n!f:cl\k11 (CLK11 105.11, +0.32, +0.31%) traded below $104 a barrel on the New York Mercantile Exchange, but futures have held above the $100-a-barrel mark since mid-March. See Futures Movers.
On Tuesday, House Republicans introduced legislation that would lift a ban on new offshore drilling and require the administration to sell more offshore leases. Read more about House Republicans' energy bills.
Since late last month, the Interior Department has awarded a handful of deepwater drilling permits for offshore areas in the Gulf of Mexico, after a moratorium declared to develop new safety standards following the April 2010 Deepwater Horizon disaster.
On March 11, Obama asked federal agencies and the U.S. attorney general to monitor for any signs of gasoline price gouging and said he’d tap into the U.S. Strategic Petroleum Reserve if the situation warrants. Read earlier story.
In the speech, Obama also ordered U.S. government agencies to buy 100% alternative fuel, hybrid or electric vehicles by 2015.
llbo, I agree. Now roads are built they have to build a platform and a pit, no?
Like I asked before, does anyone know what rig availability is in this area? Everyone and their mother might be trying to drill with $105 oil.
You could not even buy a first class ticket to Hong Kong on the dollar value of today's volume.
But some "they"s sold shares today. Funny thing is it was all selling at the bid and it occurred all after the PR went out. It could be possible that our ranter decided he wanted out, despite the fact he said he did not own any shares. I find it difficult to believe he has MXXH on his tout page, but does not own shares.
I suspect he was the seller. I could be wrong, but that is why I use words like "suspect" and "could", instead of using words like "FACT", and "Guaranteed".
If they can do 1 a week, it can cash flow drilling ops instead of using stock. Which means, no more dilution. Makes sense.
Who ever sold 2750 shares at the open before the market makers had time to adjust their quotes made a print at .002. How does that affect the chart? It was basically outside the market and looks strange.
What is rig availability in Live Oak? I'm sure with oil at $105, everyone and their mother is trying to get a rig and drill.
I do see a couple people, looks like 2 or 3 people sold out. My guess it could be from a ranter who induced selling. Can you imagine that when they announce the rig is on site and drilling and the stock goes up. Then again, every reward has a risk. That is my question again, what is rig availability in Live Oak. How far back in line are we? Hopefully we are ahead of all the grandmas wanting to drill in their back yard just beyond the pool.
Raiders, anyway you can contact me?
jonblair, when you look at it, the company has put out four press releases in the last eight weeks. So it is a 50/50 that they put out news this week.
This person has a stock promotion web page. So it appears he is not very credible.
Well, at least they got every thing in escrow. I guess this will be closed by end of the week and we should hear real news next week.
As the 8k said, closing is expected on Feb 4th. My guess is a pr on friday or monday. Then they will prep and drill soon there after. Random mms selling random today. Funny people cannot read the 8k and wait until friday or monday for the PR. But that is they way it goes. I guess they thought they should buy shares on one day and sell it 1 billion percent higher the next. Ive been in this for quite sometime. Written it off already, so I hope they drill this thing so I can get out.
ash, I still dont see a penny next week. I see this thing testing a penny when they announce on starting this puppy. We are still 2 weeks in speculation.