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TXHG -- There may be a big announcement tomorrow on the wallstreetreporter.
Among many things, they are going to announce "advancements" within the company. Doug Hewitt (currently a director) owns his own private oil company with lots of assets. This could be a big move for TX Holdings. We'll see what happens tomorrow.
http://biz.yahoo.com/iw/070611/0264544.html
TXHG really moved up (25%) on it's first day back to the OTCBB. I wasn't expecting it to move that fast today. It should do really well when some big news (and it's coming) comes out over the next several weeks/months
TXHG is back on the OTCBB tomorrow. There should be lots of news and a price increase over the next several months.
TXHG is back on the OTCBB tomorrow. There should be lots of news and a price increase over the next several months. They have lots of oil, and I think we'll hear about more acquisitions
TXHG price is moving up!!
It should be off the Pinks any day now, then lots of news should be rolling in. Watch this one continue to move up.
TXHG filings are now up to date!
They should be off the Pinks in a week or two.
http://www.txholdings.com/
TXHG filings are now up to date!
They filed the last 10Q and are now current with their filings. They should be off the Pinks in a week or two, and that's when I think we'll start seeing some news; along with increased volume and price.
27 million shares out
57 million barrels of oil
http://www.txholdings.com/
TXHG 10K is out!
A few more Qs (next week), and they will be off the Pinks. That's when the investor relations will kick in with promoting the company.
57 mil barrels of oil
27 mil shares out.
http://www.txholdings.com/
TXHG 10K is out!
A few more Qs (next week), and they will be off the Pinks.
57 mil barrels of oil
27 mil shares out.
http://www.txholdings.com/
TXHG 10K is out!
All they need is a few more Qs,(next week) and they'll be off the Pinks in a week.
27 mill shares out and 57 mill barrels of oil.
http://www.txholdings.com/
TX Holdings (TXHG) the 2005 (Audited)10K has been filed.
http://www.sec.gov/Archives/edgar/data/1133798/000101968707000191/0001019687-07-000191.txt
The 2006 should follow shortly, then they can file to get off the Pinks. After that I suspect a lot of news should follow.
TXHG Filings are out.
The 2005 10-K is finished. The 2006 10-K and the past 10-Qs should follow fairly quickly I suspect.
They’ve retained a new investment banker for more financing in the future.
They’ve retained a new investor relations company, which has not initiated anything yet.
It’s pretty obvious they are getting things lined up, and when the last 10-K and the rest of the Qs are out, I’m sure the IR group will begin the process of alerting new investors.
Reading the 10-K, there’s only 10,452,434 tradable shares, the rest are restricted.
Also in the 10-K “The Company acquired oil & gas leases and has begun development of oil & gas producing operations as of November 5, 2006” So they may be pumping and selling oil now.
With the current price of oil they could be profitable very early on; and because of carryover losses from previous years, they can keep most of those profits.
When you consider that this stock has been on the Pinks all this time, with very little news, and it’s still in the .70s to .80s price range, it bodes well for the future; and I think the future is now.
When the rest of filings and news comes out, and the IR group kicks in, I think the price could really take off.
TXHG NEWS!
TX Holdings, Inc. Retains New Investment Bankers, The Baron Group Ltd.
Monday November 20, 10:31 am ET
ABILENE, Texas--(BUSINESS WIRE)--TX Holdings, Inc. (Pink Sheets:TXHG - News) has retained the Baron Group for investment and merchant banking services. http://www.baron.com.hk/english/aboutus.asp
ADVERTISEMENT
The Baron Group with offices in Hong Kong, Vancouver B.C. and now New York is very well suited to help us with exciting new opportunities both foreign and domestic.
The partners bring an extensive list of current and previous strategic domestic and international energy clients such as Sinopec Kanton Holdings (NYSE:SHI - News; SAK:SG) and Teton Energy (AMEX:TEC - News). Mark Neuhaus, Chairman stated: "having gotten to know the partners, we look forward to working with Baron as the Company goes into its next stages of growth. They are a very creative and resourceful group that will present us with tremendous opportunities in order to fuel our development."
This will give TX Holdings the financial and strategic strength to continue the rapid rate of growth that we have experienced this past year.
About TX Holdings, Inc.
TX Holdings Inc. is an oil and gas acquisition, development and production company, focusing primarily on shallow low risk, high yield opportunities in west Texas. As previously stated the company has over 55,000,000 barrels of recoverable reserves that it's in the process of bringing into production. www.txholdings.com
About Baron Group Ltd.
Baron Group Ltd. is an international and domestic merchant and investment banking firm with extensive experience in both finance and energy.
Safe Harbor Statement
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.
Forward-looking statements: This press release and other statements by TX Holding Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
Contact:
TX Holdings, Inc., Abilene
Mark Neuhaus, 682-286-3116
Email: info@txholdings.com
or
Baron Group Ltd.
Marty Lipper, Sr. Investment Analyst, 212-400-4805
TXHG – I think it’s going to run!
It’s more than just coincidence that the volume and price have been going up the last five trading days; and for no apparent reason.
The price will go up to a certain point then the news will hit:
The filings will be done
A new CEO
New oil leases
And I wouldn’t be surprised if they have already been producing oil and have a healthy income.
Even if you have no interest in this stock, just watch it for entertainment value; I think it will have big run in a few weeks.
Kaad_g
TXHG -- News!
Lots of updates to the web site (almost a new web site) The main point to take a away from the PR though is:
"The Company has either met or exceeded its previously stated goals..."
The old previous goals were the filings, a new CEO, spin-off, and more oil.
I think there's going to be a lot of big news in the coming weeks and months. Price and volume the past few trading days are showing that something big is coming
http://www.txholdings.com/
Web site was just updated! Volume and price went up last week, so something is going on.
http://www.txholdings.com/
TXHG -- Something is up
The web site was just updated, and last week price and volume were both up.
They are due for their filings to get off the Pinks so watch for that: something is up.
http://www.txholdings.com/
I talked to Marty Lipper of Brill Securities about TX Holdings.
I was impressed by his knowledge of the properties both now and in the past. He explained why the properties were available and the fact that TX Holdings was able to get great deals on these leases. He has seen the properties and the wells and says this company will be very successful, even if they only pump 10 barrels a day from each well. He believes the only reason there is little interest in this company now is because they don’t have audited financials (and that's about to change very shortly). He explained that even if the price of oil goes down, and the wells don't produce as much as hoped, this company will still make money.
He is very positive about the short and long term prospects of TX Holdings. Remember, this same firm helped to start another oil company, Arena Resources (ARD), go from a little BB company to the NYSE, so they have done this before and know what it takes to become successful.
If anyone still has doubts about the potential of this company, I suggest you call Mr. Lipper of Brill securities (the number is on the latest PR) and ask some questions.
http://www.txholdings.com/
Kaad_g
I talked to Marty Lipper of Brill Securities about TXHG.
I was impressed by his knowledge of the properties both now and in the past. He explained why the properties were available and the fact that TX Holdings was able to get great deals on these leases. He has seen the properties and the wells and says this company will be very successful, even if they only pump 10 barrels a day from each well. He believes the only reason there is little interest in this company now is because they don’t have audited financials (and that's about to change very shortly). He explained that even if the price of oil goes down, and the wells don't produce as much as hoped, this company will still make money.
He is very positive about the short and long term prospects of TX Holdings. Remember, this same firm helped to start another oil company, Arena Resources (ARD), go from a little BB company to the NYSE, so they have done this before and know what it takes to become successful.
If anyone still has doubts about the potential of this company, I suggest you call Mr. Lipper of Brill securities (the number is on the latest PR) and ask some questions.
http://www.txholdings.com/
Kaad_g
I talked to Marty Lipper of Brill Securities about TXHG.
I was impressed by his knowledge of the properties both now and in the past. He explained why the properties were available and the fact that TX Holdings was able to get great deals on these leases. He has seen the properties and the wells and says this company will be very successful, even if they only pump 10 barrels a day from each well. He believes the only reason there is little interest in this company now is because they don’t have audited financials (and that's about to change very shortly). He explained that even if the price of oil goes down, and the wells don't produce as much as hoped, this company will still make money.
He is very positive about the short and long term prospects of TX Holdings. Remember, this same firm helped to start another oil company, Arena Resources (ARD), go from a little BB company to the NYSE, so they have done this before and know what it takes to become successful.
If anyone still has doubts about the potential of this company, I suggest you call Mr. Lipper of Brill securities (the number is on the latest PR) and ask some questions.
http://www.txholdings.com/
Kaad_g
Listen to the interview for TX Holdings at:
http://www.wallstreetreporter.com/profile.php?id=20183
Early production numbers announced next week. Ks and Qs to be finished over the next several weeks.
55 million barrels of recoverable oil and only a $15 million market cap. When they're off the Pinks next month the market cap will dramatically increase!
Kaad_g
Listen to the Broadcast for TX Holdings (TXHG) at:
http://www.wallstreetreporter.com/profile.php?id=20183
Early production numbers announced next week. Ks and Qs to be finished over the next several weeks.
55 million barrels of recoverable oil and only a $15 million market cap. When they're off the Pinks next month the market cap will dramatically increase!
Kaad_g
Chairman of TX Holdings, to appear on WallStreetReporter
MIAMI BEACH, Fla., Sep 05, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG), Mark Neuhaus, Chairman has been invited to appear on the WallStreetReporter (www.wallstreetreporter.com) with host Killian Brandon. This interview will air on www.wallstreetreporter.com at 5pm EDT, Wednesday, September 6, 2006 and will be available on their web-site thereafter. Mr. Brandon and the WallStreetReporter have recently interviewed such notable energy companies as Aurora Oil & Gas (AMEX:AOG), EVOLUTION PETROLEUM (AMEX:EPM), PRB Energy (AMEX:PRB), Storm Cat Energy (AMEX:SCU) and Whittier Energy (NASDAQ:WHIT).
Mr. Mark Neuhaus, Chairman and CEO, stated: "We are delighted to be invited to appear on Mr. Brandon's show on the WallStreetReporter with other such well-respected companies. We are looking forward to sharing the company's progress and goals with the show's audience."
About WallStreetReporter
The first issue of Wall Street Reporter appeared in 1843, it was the only newspaper exclusively devoted to the financial business. Nearly 150 years after that, they took an equally bold step into the network age by becoming the first website to regularly interview CEOs and other high-ranking corporate officials. Each day they interview CEOs of leading public companies and selected private companies. Our in-depth, unbiased, unscripted interviews deliver a first hand perspective that enables investors to make intelligent and informed investment decisions. Wall Street Reporter is the acclaimed weekly news magazine read by more than 80,000 fund managers, analysts, investment bankers, venture capitalists and influential members of the news media around the world. Institutional investors turn to Wall Street Reporter's timely features and interviews for insight into industry trends and to discover new investment opportunities.
About TX Holdings, Inc
TX Holdings, Inc. is an emerging oil and gas exploration, development and production company, focusing on opportunities in primarily the Eastland and Callahan counties in Texas. TX Holdings is currently exploring a number of additional potential acquisition targets in the region and hopes to announce them soon.
Safe Harbor Statement
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.
Forward-looking statements: This press release and other statements by TX Holdings, Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
Disclaimer
Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. WallStreetReporter.com does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse, these views, opinions or recommendations, give investment advice, or advocate the purchase or sale of any security or investment. RealAudio Interviews are done without compensation or payment of any kind, by the interviewee / organization. However, companies do pay to have a text version of the interview published online as part of a paid media program. In Compliance with SEC Rule 17B all compensation is disclosed at the bottom of the interview page.
SOURCE: TX Holdings, Inc.
CONTACT: TX Holdings, Inc.
Frank Shafer, 586-354-4242
www.txholdings.com
info@txholdings.com
or
WallStreetReporter
Killian Brandon, 212-363-2600 ext. 226
www.wallstreetreporter.com
killian@wallstreetreporter.com
Copyright Business Wire 2006
TXHG (oil) Chairman of TX Holdings, to appear on WallStreetReporter
MIAMI BEACH, Fla., Sep 05, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG), Mark Neuhaus, Chairman has been invited to appear on the WallStreetReporter (www.wallstreetreporter.com) with host Killian Brandon. This interview will air on www.wallstreetreporter.com at 5pm EDT, Wednesday, September 6, 2006 and will be available on their web-site thereafter. Mr. Brandon and the WallStreetReporter have recently interviewed such notable energy companies as Aurora Oil & Gas (AMEX:AOG), EVOLUTION PETROLEUM (AMEX:EPM), PRB Energy (AMEX:PRB), Storm Cat Energy (AMEX:SCU) and Whittier Energy (NASDAQ:WHIT).
Mr. Mark Neuhaus, Chairman and CEO, stated: "We are delighted to be invited to appear on Mr. Brandon's show on the WallStreetReporter with other such well-respected companies. We are looking forward to sharing the company's progress and goals with the show's audience."
About WallStreetReporter
The first issue of Wall Street Reporter appeared in 1843, it was the only newspaper exclusively devoted to the financial business. Nearly 150 years after that, they took an equally bold step into the network age by becoming the first website to regularly interview CEOs and other high-ranking corporate officials. Each day they interview CEOs of leading public companies and selected private companies. Our in-depth, unbiased, unscripted interviews deliver a first hand perspective that enables investors to make intelligent and informed investment decisions. Wall Street Reporter is the acclaimed weekly news magazine read by more than 80,000 fund managers, analysts, investment bankers, venture capitalists and influential members of the news media around the world. Institutional investors turn to Wall Street Reporter's timely features and interviews for insight into industry trends and to discover new investment opportunities.
About TX Holdings, Inc
TX Holdings, Inc. is an emerging oil and gas exploration, development and production company, focusing on opportunities in primarily the Eastland and Callahan counties in Texas. TX Holdings is currently exploring a number of additional potential acquisition targets in the region and hopes to announce them soon.
Safe Harbor Statement
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.
Forward-looking statements: This press release and other statements by TX Holdings, Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
Disclaimer
Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. WallStreetReporter.com does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse, these views, opinions or recommendations, give investment advice, or advocate the purchase or sale of any security or investment. RealAudio Interviews are done without compensation or payment of any kind, by the interviewee / organization. However, companies do pay to have a text version of the interview published online as part of a paid media program. In Compliance with SEC Rule 17B all compensation is disclosed at the bottom of the interview page.
SOURCE: TX Holdings, Inc.
CONTACT: TX Holdings, Inc.
Frank Shafer, 586-354-4242
www.txholdings.com
info@txholdings.com
or
WallStreetReporter
Killian Brandon, 212-363-2600 ext. 226
www.wallstreetreporter.com
killian@wallstreetreporter.com
Copyright Business Wire 2006
Chairman of TX Holdings, to appear on WallStreetReporter
MIAMI BEACH, Fla., Sep 05, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG), Mark Neuhaus, Chairman has been invited to appear on the WallStreetReporter (www.wallstreetreporter.com) with host Killian Brandon. This interview will air on www.wallstreetreporter.com at 5pm EDT, Wednesday, September 6, 2006 and will be available on their web-site thereafter. Mr. Brandon and the WallStreetReporter have recently interviewed such notable energy companies as Aurora Oil & Gas (AMEX:AOG), EVOLUTION PETROLEUM (AMEX:EPM), PRB Energy (AMEX:PRB), Storm Cat Energy (AMEX:SCU) and Whittier Energy (NASDAQ:WHIT).
Mr. Mark Neuhaus, Chairman and CEO, stated: "We are delighted to be invited to appear on Mr. Brandon's show on the WallStreetReporter with other such well-respected companies. We are looking forward to sharing the company's progress and goals with the show's audience."
About WallStreetReporter
The first issue of Wall Street Reporter appeared in 1843, it was the only newspaper exclusively devoted to the financial business. Nearly 150 years after that, they took an equally bold step into the network age by becoming the first website to regularly interview CEOs and other high-ranking corporate officials. Each day they interview CEOs of leading public companies and selected private companies. Our in-depth, unbiased, unscripted interviews deliver a first hand perspective that enables investors to make intelligent and informed investment decisions. Wall Street Reporter is the acclaimed weekly news magazine read by more than 80,000 fund managers, analysts, investment bankers, venture capitalists and influential members of the news media around the world. Institutional investors turn to Wall Street Reporter's timely features and interviews for insight into industry trends and to discover new investment opportunities.
About TX Holdings, Inc
TX Holdings, Inc. is an emerging oil and gas exploration, development and production company, focusing on opportunities in primarily the Eastland and Callahan counties in Texas. TX Holdings is currently exploring a number of additional potential acquisition targets in the region and hopes to announce them soon.
Safe Harbor Statement
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.
Forward-looking statements: This press release and other statements by TX Holdings, Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
Disclaimer
Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. WallStreetReporter.com does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse, these views, opinions or recommendations, give investment advice, or advocate the purchase or sale of any security or investment. RealAudio Interviews are done without compensation or payment of any kind, by the interviewee / organization. However, companies do pay to have a text version of the interview published online as part of a paid media program. In Compliance with SEC Rule 17B all compensation is disclosed at the bottom of the interview page.
SOURCE: TX Holdings, Inc.
CONTACT: TX Holdings, Inc.
Frank Shafer, 586-354-4242
www.txholdings.com
info@txholdings.com
or
WallStreetReporter
Killian Brandon, 212-363-2600 ext. 226
www.wallstreetreporter.com
killian@wallstreetreporter.com
Copyright Business Wire 2006
Here is something I wrote up on another board; and why I think this is going to be big.
With so much emphasis (at least by me) on getting off the Pinks, I think some of the information presented by the company lately has been lost on some people. Here are some very important points in a the July 11 pr.
"...Twenty-eight of the wells are either currently producing or are producible,..."
So to answer an earlier question, they are producing oil now.
"...Combined with the previously announced leases, this is estimated to increase the Company's initial production to approximately 320 to 400 barrels per day. The Company believes the work can be completed by late summer or early fall...."
Just take the minimum of 320 barrels and that's about $8 million a year in revenue, and that should be ramping up anytime now.
"...Fully developed after 2 years, the C/A 1 leases are projected to produce 2,966 BOPD."
That's about 1 million barrels a year or about $75 million a year in revenue, and that just the C/A 1 leases! If you add in the other leases they have and any future leases I'm sure they'll obtain, how much oil will they produce? How much revenue will they generate?
To put this into perspective, ARD which just got listed on the NYSE last week and goes for $37 a share, produced 508,000 barrels last year.
The only reason TXHG is at it's current price is because it's on the Pinks. When they are off the Pinks this price will be long gone.
Kaad_g
TXHG: $6 billion of oil in the ground with a market cap of only $16 million. A huge discrepancy that should even out (read: higher share price) when they get off the Pinks in about a month from now.
Kaad_g
TXHG TX Holdings Completes Acquisition of 24,000,000 Barrel (est.) L. Williams Leases
Business Wire - August 9, 2006 7:45 AM (EDT)
MIAMI BEACH, Fla., Aug 09, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG) is extremely pleased to announce its acquisition of the Louie Williams Leases in Callahan County, TX. The Company has completed the purchase of the working interest on the lease it previously acquired an option to purchase.
TX Holdings, Inc. worked diligently to close the Option it had purchased but was unable to reach a mutual agreement with the seller. On August 2, 2006 the Leasehold interests were auctioned by the Operator for unpaid obligations and TX Holdings was the successful bidder purchasing these leases through a trustee's foreclosure sale in Callahan County, Texas for $68,000. The Williams Leases contain reserves that have been previously estimated to be 24,000,000 barrels of oil recoverable, based on original studies done by the U.S. Dept. of Commerce (U.S. Dept. of Commerce) and have since been updated by licensed geologist Cesar Orosco, Lic. 28883-4 American Assoc. of Petroleum Geologist.
The Company's immediate goal regarding the leases will be to assess and implement the optimum usage of the existing field infrastructure. This overall strategy will concentrate on bringing all capable production wells on line prior to embarking on the development drilling phase of operations. In addition to the infrastructure installations, a multiple rig work-over program will be implemented to insure that all wells are producing at their maximum efficient rates, according to Mr. Bill Alexander, the Company's newly appointed COO, formerly of Kirby Exploration Company (NYSE:KEX) and Shell Oil (NYSE:RDS-A).
As previously stated, funds from the Private Placement will be utilized in part for this and other lease acquisitions and for the recompletion and work-overs on the Williams, Parks, and Contract Area 1 leases.
Mr. Mark Neuhaus, Chairman and President of TX Holdings, commented, "the acquisition of these leases has been a priority of the Company for the last several months, and I am pleased that we have been able to finally acquire them on these terms. We look forward to brining the wells to full production capacity as soon as possible and returning value to our shareholders."
About TX Holdings, Inc.
TX Holdings Inc. is an emerging oil and gas exploration, development and production company, focusing on opportunities in primarily the Eastland and Callahan counties in Texas. TX Holdings is currently exploring a number of potential acquisition targets in the region and hopes to announce them soon.
Safe Harbor Statement
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.
Forward-looking statements: This press release and other statements by TX Holding Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
SOURCE: TX Holdings, Inc.
TX Holdings, Inc., Miami Beach
Frank Shafer, 586-354-4242
http://www.txholdings.com
Copyright Business Wire 2006
TXHG News.....more oil
TX Holdings, Inc. Completes Acquisition of Contract Area #1 Leases in Eastland County, TX; Brings Total Recoverable Reserves to 55 Million Barrels
MIAMI BEACH, Fla., Jul 11, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG) has acquired a sixty percent (60%) working interest in the oil and gas leases known as Contract Area #1(C/A 1) in Eastland County, Texas, which consists of four leases (the Roy Adams, the W. Isenhower, the Isenhower, and the Isenhower Estate "C").
Contract Area #1 is approximately 247 acres, has 36 wells on the property with estimated reserves of approximately 19,000,000 recoverable barrels. Of those, 7,200,000 barrels are proven developed behind pipe. Twenty eight of the wells are either currently producing or are producible, the others will be used for injection or supply wells. These wells are very good candidates for either recompletion or work-over, keeping in line with the Company's low production development strategy. Combined with the previously announced leases, this is estimated to increase the Company's initial production to approximately 320 to 400 barrels per day. The Company believes the work can be completed by late summer or early fall. Fully developed after 2 years the C/A 1 leases are projected to produce 2,966 BOPD.
A recent reserve report by Cesar Orosco, American Association of Petroleum Geologists, shows that the leases have pay zones in five areas less than 1,000 feet.
Mr. Mark Neuhaus, Chairman and President of TX Holdings, noted: "The acquisition of Contract Area #1 represents a major step forward for the Company as we continue to apply our acquisition strategy and move toward getting all of the wells in production to build our revenue stream. In conjunction with our earlier acquisitions and breaking escrow on our Private Placement Offering, we believe that Contract Area #1 will provide a long-term revenue stream for the Company. We look forward to commencing work on the properties and implementing our planned development program."
As earlier stated, the Company continues to work closely with its auditors to bring its filings up to date and current in all aspects regarding its filings as a fully-reporting public company.
About TX Holdings, Inc.
TX Holdings, Inc. is an emerging oil and gas exploration, development and production company focusing on opportunities in Texas, Louisiana and Oklahoma. TX Holdings is currently exploring a number of additional potential acquisition targets throughout the region.
Safe Harbor Statement
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.
Forward-looking statements: This press release and other statements by TX Holdings, Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
SOURCE: TX Holdings, Inc.
CONTACT: For TX Holdings, Inc., Miami Beach
Frank Shafer, 586-354-4242
Copyright Business Wire 2006
TXHG News.....more oil.
TX Holdings, Inc. Completes Acquisition of Contract Area #1 Leases in Eastland County, TX; Brings Total Recoverable Reserves to 55 Million Barrels
MIAMI BEACH, Fla., Jul 11, 2006 (BUSINESS WIRE) -- TX Holdings, Inc. (Pink Sheets:TXHG) has acquired a sixty percent (60%) working interest in the oil and gas leases known as Contract Area #1(C/A 1) in Eastland County, Texas, which consists of four leases (the Roy Adams, the W. Isenhower, the Isenhower, and the Isenhower Estate "C").
Contract Area #1 is approximately 247 acres, has 36 wells on the property with estimated reserves of approximately 19,000,000 recoverable barrels. Of those, 7,200,000 barrels are proven developed behind pipe. Twenty eight of the wells are either currently producing or are producible, the others will be used for injection or supply wells. These wells are very good candidates for either recompletion or work-over, keeping in line with the Company's low production development strategy. Combined with the previously announced leases, this is estimated to increase the Company's initial production to approximately 320 to 400 barrels per day. The Company believes the work can be completed by late summer or early fall. Fully developed after 2 years the C/A 1 leases are projected to produce 2,966 BOPD.
A recent reserve report by Cesar Orosco, American Association of Petroleum Geologists, shows that the leases have pay zones in five areas less than 1,000 feet.
Mr. Mark Neuhaus, Chairman and President of TX Holdings, noted: "The acquisition of Contract Area #1 represents a major step forward for the Company as we continue to apply our acquisition strategy and move toward getting all of the wells in production to build our revenue stream. In conjunction with our earlier acquisitions and breaking escrow on our Private Placement Offering, we believe that Contract Area #1 will provide a long-term revenue stream for the Company. We look forward to commencing work on the properties and implementing our planned development program."
As earlier stated, the Company continues to work closely with its auditors to bring its filings up to date and current in all aspects regarding its filings as a fully-reporting public company.
About TX Holdings, Inc.
TX Holdings, Inc. is an emerging oil and gas exploration, development and production company focusing on opportunities in Texas, Louisiana and Oklahoma. TX Holdings is currently exploring a number of additional potential acquisition targets throughout the region.
Safe Harbor Statement
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.
Forward-looking statements: This press release and other statements by TX Holdings, Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
SOURCE: TX Holdings, Inc.
CONTACT: For TX Holdings, Inc., Miami Beach
Frank Shafer, 586-354-4242
Copyright Business Wire 2006
TXHG NEWS: $1,000,000 in funds!!!
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
TX Holdings, Inc. Breaks Escrow on Private Placement Offering
MIAMI BEACH, Fla., Jun 22, 2006 (PRIMEZONE via COMTEX) -- TX Holdings, Inc. (Pink Sheets:TXHG) is pleased to announce today that the Company has received Funds and surpassed the minimum amount needed to break escrow on its recent $1,000,000 Private Placement Offering ("Offering").
A portion of the funds from the Offering have been allocated for the future acquisition of currently producing oil and gas leases, which the Company has been negotiating and hopes to announce soon.
As previously stated, some of the money has been allocated to complete the acquisition of the Williams Lease that the Company has an option on. Additionally, funds will also be utilized for the recompletions and work-overs of both the Williams and Parks Leases. It is projected that when this work is done, these leases should initially produce 120-200 barrels per day.
The Company diligently continues to work closely with its auditors in its efforts to bring its regulatory filings current with the SEC filings as a public company.
Mr. Mark Neuhaus, Chairman and President, stated, "we have worked hard to develop a comprehensive strategy for the acquisition and development of producing oil and gas leases, and meeting escrow is a significant milestone which will enable us to implement this program. We are happy to see this project moving forward and are confident that TX Holdings is well positioned to acquire additional leases and options on properties with proven reserves and bring them into producing status in the future."
About TX HOLDINGS, INC.
TX Holdings Inc. is an emerging oil and gas exploration, development and production company, focusing on opportunities in Texas, Louisiana, and Oklahoma. The Company has recently acquired its first producing property with the Parks Lease in Callahan County, Texas, bringing its total recoverable reserve estimates to approximately 36 million barrels. TX Holdings is currently exploring a number of potential acquisition targets in the region.
Safe Harbor Statement
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.
Forward-looking statements: This press release and other statements by TX Holdings, Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: TX Holdings, Inc.
By Staff
CONTACT: TX Holdings, Inc.
Shareholder Relations
Frank Shafer
(586) 354-4242
TXHG NEWS: $1,000,000 in funds!!!
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
TX Holdings, Inc. Breaks Escrow on Private Placement Offering
MIAMI BEACH, Fla., Jun 22, 2006 (PRIMEZONE via COMTEX) -- TX Holdings, Inc. (Pink Sheets:TXHG) is pleased to announce today that the Company has received Funds and surpassed the minimum amount needed to break escrow on its recent $1,000,000 Private Placement Offering ("Offering").
A portion of the funds from the Offering have been allocated for the future acquisition of currently producing oil and gas leases, which the Company has been negotiating and hopes to announce soon.
As previously stated, some of the money has been allocated to complete the acquisition of the Williams Lease that the Company has an option on. Additionally, funds will also be utilized for the recompletions and work-overs of both the Williams and Parks Leases. It is projected that when this work is done, these leases should initially produce 120-200 barrels per day.
The Company diligently continues to work closely with its auditors in its efforts to bring its regulatory filings current with the SEC filings as a public company.
Mr. Mark Neuhaus, Chairman and President, stated, "we have worked hard to develop a comprehensive strategy for the acquisition and development of producing oil and gas leases, and meeting escrow is a significant milestone which will enable us to implement this program. We are happy to see this project moving forward and are confident that TX Holdings is well positioned to acquire additional leases and options on properties with proven reserves and bring them into producing status in the future."
About TX HOLDINGS, INC.
TX Holdings Inc. is an emerging oil and gas exploration, development and production company, focusing on opportunities in Texas, Louisiana, and Oklahoma. The Company has recently acquired its first producing property with the Parks Lease in Callahan County, Texas, bringing its total recoverable reserve estimates to approximately 36 million barrels. TX Holdings is currently exploring a number of potential acquisition targets in the region.
Safe Harbor Statement
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.
Forward-looking statements: This press release and other statements by TX Holdings, Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: TX Holdings, Inc.
By Staff
CONTACT: TX Holdings, Inc.
Shareholder Relations
Frank Shafer
(586) 354-4242
TXHG NEWS: $1,000,000 in funds!!!
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
TX Holdings, Inc. Breaks Escrow on Private Placement Offering
MIAMI BEACH, Fla., Jun 22, 2006 (PRIMEZONE via COMTEX) -- TX Holdings, Inc. (Pink Sheets:TXHG) is pleased to announce today that the Company has received Funds and surpassed the minimum amount needed to break escrow on its recent $1,000,000 Private Placement Offering ("Offering").
A portion of the funds from the Offering have been allocated for the future acquisition of currently producing oil and gas leases, which the Company has been negotiating and hopes to announce soon.
As previously stated, some of the money has been allocated to complete the acquisition of the Williams Lease that the Company has an option on. Additionally, funds will also be utilized for the recompletions and work-overs of both the Williams and Parks Leases. It is projected that when this work is done, these leases should initially produce 120-200 barrels per day.
The Company diligently continues to work closely with its auditors in its efforts to bring its regulatory filings current with the SEC filings as a public company.
Mr. Mark Neuhaus, Chairman and President, stated, "we have worked hard to develop a comprehensive strategy for the acquisition and development of producing oil and gas leases, and meeting escrow is a significant milestone which will enable us to implement this program. We are happy to see this project moving forward and are confident that TX Holdings is well positioned to acquire additional leases and options on properties with proven reserves and bring them into producing status in the future."
About TX HOLDINGS, INC.
TX Holdings Inc. is an emerging oil and gas exploration, development and production company, focusing on opportunities in Texas, Louisiana, and Oklahoma. The Company has recently acquired its first producing property with the Parks Lease in Callahan County, Texas, bringing its total recoverable reserve estimates to approximately 36 million barrels. TX Holdings is currently exploring a number of potential acquisition targets in the region.
Safe Harbor Statement
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.
Forward-looking statements: This press release and other statements by TX Holdings, Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: TX Holdings, Inc.
By Staff
CONTACT: TX Holdings, Inc.
Shareholder Relations
Frank Shafer
(586) 354-4242
Oil could top $105 in major supply outage - expert
May 28, 2006
By Haitham Haddadin
KUWAIT (Reuters) - A Goldman Sachs projection that oil prices could top $100 a barrel in the event of a major supply disruption could be conservative in the current tight market, said a senior executive with the U.S. investment bank.
Other energy experts told an energy forum late on Saturday in Kuwait that global oil market fundamentals point to generally higher energy prices as demand growth outstrips new supply.
"We thought that maybe somewhere within $50 to $70 (oil price) we might get the economic damage and that it would take a major, not a minor, disruption to get to the $105 number," said Arjun Murti, Managing Director at Goldman Sachs.
"If we truly did have a major outage in a major exporting country then $105 will prove conservative," Murti added at the National Bank of Kuwait energy forum.
Murti said when Goldman Sachs issued a projected range of $50 to $105 a barrel in March 2005, actual prices hovered around $55 a barrel. Oil prices in New York and London traded above $70 Friday.
Katherine Spector, head of energy research for JP Morgan Securities, said market fundamentals point to petroleum prices reverting to a higher mean in coming years. "The world is running out of easy barrels of crude production," she said, adding that marginal costs of production are rising.
Both Spector and Murti said one factor that the oil markets will remain focused on for the rest of this year would be the U.S. hurricane season after Katrina caused big disruptions last year to refining capacity on the U.S. Gulf Coast.
Hurricanes Katrina and Rita had shown "energy markets are highly susceptible to a supply shock", Murti noted.
Spector said another severe hurricane season predicted for this year was bullish for oil and products prices as are changes to U.S. diesel and gasoline specifications this year. But she said among factors that are bearish for the market are relatively comfortable global oil inventories.
ASIAN DEMAND
Other delegates told the forum that global oil market fundamentals pointed to the possibility of higher prices given that global oil demand is robust and tends to grow every year, especially due to firm demand from China and India.
Edward Morse, executive adviser with Hess Energy Trading Co., said that between 1965 and 2004, total Asian oil demand has risen 620 percent while world oil demand was up by 158 percent.
"Asian energy demand growth, especially oil demand, has been truly extraordinary," Morse said, adding that most analysts believe incremental Asian demand growth drives the market.
On the supply side, spare capacity is gone, traditional areas of oil production are mature and areas with growth are geopolitically or demographically challenged, Murti noted.
"We believe that oil markets are in the early stages of what we are calling a multi-year 'super-spike' period," Murti added.
Murti said total non-OPEC crude supply has grown in recent years mostly due to Russia, but excluding Russia the supply from producers that are outside the Organisation of Petroleum Exporting Countries has been essentially flat in recent years.
"Effective production capacity -- that what actually can come out of the ground today -- is pretty close to zero," he said. "Our point is not that the OPEC countries are running out of oil. But the question is, are we to believe that real-time production capacity is going to grow, year in and year out, to match economic growth?"
Here is the link to that story that came out today.
http://www.ndtvprofit.com/homepage/news.asp?id=251659
There's no question that TXHG is going up; the question is when and how much. I was told they will actually be pumping a little oil in July, and possibly going on all cylinders by the end of Aug. If oil is over $100 barrel by that time (timing could be everything here) then who knows how high TXHG could go. (19 million shares out and 25 million barrels of oil in the ground...so far).
Short term it could start to move if we see news next week.
Kaad_g
For all you short term traders out there.
I am very long TXHG (anywhere from $2 to $20 by the end of the year) but it has taken a dip lately because we have been so long without any significant news. I think we may see some news next week which should really give this a boost. TXHG could shoot over a dollar and stay there this time.
Just a heads up.
Kaad_g
TXHG NEWS! -- New Website.
TX Holdings, Inc. Announces Launch of New Corporate Website
MIAMI BEACH, Fla., May 16, 2006 (PRIMEZONE via COMTEX) -- TX Holdings, Inc. (Pink Sheets:TXHG) is pleased to announce today that the company has launched its new corporate website, available at www.txholdings.com. The website will serve as an informational portal for existing and prospective shareholders to receive information and updates on the Company's oil and gas operations and evolving corporate strategies as it enters a new phase of expansion.
Mr. Mark Neuhaus, Chairman and President, stated, "We are very pleased to be launching our new website as we enter a new era of growth for TX Holdings in 2006, a year in which we believe there will be significant new developments in the operations and future growth of the Company. We are committed to opening up new and ongoing channels of communications with our investors and shareholders, and plan to maintain an active presence in the investment community."
Barker Design, Inc. (Centennial, CO, www.barkerdesign.com), a full-service marketing communications firm specializing in creative solutions, worked to create and develop a comprehensive website that is tailored to TX Holdings' growing corporate direction.
About TX HOLDINGS, INC.
TX Holdings, Inc. is an emerging junior oil and gas exploration, development and production company, focusing on opportunities in Texas, Louisiana, and Oklahoma. The Company recently acquired its first producing property with the Parks Lease in Callahan County, Texas, bringing its total recoverable reserve estimate to approximately 36 million barrels and is currently exploring a number of potential acquisition targets throughout the region.
Safe Harbor Statement
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.
Forward-looking statements: This press release and other statements by TX Holding Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: TX Holdings, Inc.
By Staff
CONTACT: TX Holdings, Inc.
Frank Shafer, Shareholder Relations
(586) 354-4242
investorinfo@txholdings.com
TX Holdings, Inc. Retains Investment Banking Firm For Private Placement
MIAMI BEACH, Fla., May 11, 2006 (PRIMEZONE via COMTEX) -- TX Holdings, Inc. (Pink Sheets:TXHG) is pleased to announce today that the company has entered into a Private Placement Agreement with Brill Securities, Inc., a New York investment bank specializing in the security industry. Under the terms of the agreement, Brill Securities will act as financial advisors for the Company's private placement offering.
Chairman Mark Neuhaus stated, "This agreement represents a major development for TX Holdings as we move forward with our strategy of acquiring lease and purchase options on properties with proven reserves and current production. Now that we have a team of experienced Oil and Gas investment bankers, I am confident that TX Holdings is positioned for future growth with a well respected and experienced firm."
About BRILL SECURITIES
Brill Securities, Inc. is a member of the National Association of Security Dealers, and is registered as a broker-dealer with the Securities and Exchange Commission. Brill Securities was founded in 1987 as a full-service brokerage firm with the mission to provide clients with strategic investments based on timely research and industry expertise.
Brill Securities is an investment banking firm specializing in financing small to mid size public and private companies. They have previously represented emerging energy companies, such as Teton Energy and other successful companies.
About TX HOLDINGS, INC.
TX Holdings, Inc. is an emerging junior oil and gas exploration, development and production company, focusing on opportunities in Texas, Louisiana and Oklahoma. The Company has recently acquired its first producing property with the Parks Lease in Callahan County, Texas, bringing its total recoverable reserve estimate to approximately 36 million barrels. TX Holdings is currently exploring a number of potential acquisition targets throughout the region. Other independent oil & gas companies operating in this region include Arena Resources, Inc., Clayton Williams Energy, and Parallel Petroleum Corporation.
Safe Harbor Statement
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.
Forward-looking statements: This press release and other statements by TX Holdings, Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: TX Holdings, Inc.
By Staff
CONTACT: TX Holdings, Inc.
Frank Shafer, Shareholder Relations
(586) 354-4242
TXHG breaking out; now $1.05
There was definitely some big buyers that came in late in the day. And I guarantee you those buyers did not jump in at $1/share to make 10% or 15% on their investment, they plan on making a lot more than that................something big is coming.
Kaad_g
TXHG breaking out.
Someone scooped up over 100,000 shares about an hour before the close today to send this to $1.05. These were not small time buys, looks some bigger investors are getting involved now. A pretty good indicator we'll see news tomorrow.
If the news is financing then this will turn into a long term hold, because then they will have the cash to start pumping oil sometime this summer; and there's lots of oil to pump!
Kaad_g