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Investors village.Marketbuy is really working overtime on rb,lol.
This what was posted om iv by Howard Haftel(not me)
In my reply to my e-mail IR@mrhi.net writes:
"We spoke with our Geologist just a few minutes ago. We are at 14,200, we did log the well, and are drilling ahead. the initial analysis was based upon the land owners data (allain) which appeared to be off. Our Geologist went to Stone Entergy (a very large NYSE oil exploration company) to compare our data and the logged data with Stones 3d seismic data. The information from Stone clearly shows sand exisists and we clearly have not hit the sand at the depth in which we thought the P sand was. We are now drilling ahead to the sand depth. Once in the sand logging will take place to determine id there is oil in the sand. We really believe the sand will consist primarilly of oil and not gas. Most of the other producers in the field are producingin the M sand and not the P sand. We should know in a few days as we are drilling at a rate of 8.5 feet per hour, not including service time and mud circulstion time.
Mike"
WRONG,going back up as we speak,now please go play in traffic.
My apologies to mesageboardinfo for plagerizing,thought it was important,should put things in perspective.
That's a good post. That's one of the reasons I'm confident here. From BMiles DD #2 post, I like the fact that our well is Allain LeBreton No. 2 and our operator, ORX Resources, was the Operator of Allain LeBreton No. 1 as well.
They found gas in #1 and have made the analysis and adjustments for drilling our offset #2 well. There's 5+ million dollars invested that says they got it right this time. That's a little more than I'm betting.LOL
>>>Definition of offset well
1. n. [Drilling] ID: 1503
An existing wellbore close to a proposed well that provides information for planning the proposed well. In planning development wells, there are usually numerous offsets, so a great deal is known about the subsurface geology and pressure regimes. In contrast, rank wildcats have no close offsets, and planning is based on interpretations of seismic data, distant offsets and prior experience. High-quality offset data are coveted by competent well planners to optimize well designs. When lacking offset data, the well planner must be more conservative in designing wells and include more contingencies.<<<
http://www.glossary.oilfield.slb.com/Display.cfm?Term=offset%20well
Excellent post from rb,someone who was in the oil business.
(repost)
c'mon dawg, post more bashing. I love it because it may take out some weak hands but if you know anything about the patch you would would know that a wildcat's success is one in 65 but an offset well is over 90% successful so when you start bashing (paid?)it means you have an agenda and it's not to save us from ourselves, a good samaritan you are not, so when I see bashing like yours it's a buy signal.
I completely agree.I would rather that mxxr not say anything rather tha make a stupid statement to an anonymous caller.
For some reason rb has the wronf times corresponding with the posts.
I would like to hear some comments from those more knowledgable about the oil business.I take this as an excellent sign.They were at 14,191 as of 7/31,probably logging samples as we speak.
Aidan,la is eastern standard time. How do you know how late they were working last night?
Dude,thanks for the education about penny stocks.LMAO. Hey dude if you did your dd you would see that the chances of this going higher(much higher than .073)are really good dude.
I flipped my original position and definitely regret it.Right now i feel fortunate to have 500,000 at .07.Will not make the same mistake again,all signs point to this going much higher.
There is a new mxxxr board on rb.
Thanks for clarifying that Kraigger,i thought you were putting me in the same category as that loser.Looks like the perfect time to get back in.
Peace,
Howard
Kraigger with all due respect i really,really resent you putting me in the same sentence as gmoneydawg.I defy you to find a post where i have EVER bashed this stock.I think youll find just the opposite.
I agree,i am taking my 28k profit and getting right back in tommorrow.I cant let you guys have all the fun,lol.
Pfnc's volume was 30 soemthing thousand today dumbass.Get lost.
Thinking of getting in tommorrow.Looks like this has a lot of room to run.I like the slow steady,increase as well as the volume.Can anyone tell me the shares os.
Thanks bmiles,its just a little painful that i could have sold in the .08s.Ive only been trading since November,still learning as i go.I completely overreacted today,im sure its happened to all of us at one time or another.Like i said a 13,000 profit and 300,000 free shares is not the worst thing in the world,so dont say goodbye t0 me yet,im still a shareholder!
Yes,please take it easy on me,i have beaten myself up pretty good already.I dont think im in bad shape,when all is said and done i will probably make at least 30,000-40,000 profit minimally.Could have been worse.
I feel like a complete idiot.I took a lot off the table today.One of the problems is that i was playing with money i couldnt afford to lose.My wife and i are trying to buy a house and she wants to get pregnant.I know i will regret it but the worst case scenario is that i am sitting on a 13,000 profit and 300,000 free shares.When the oil pr comes out if i have to chase it back up,so be it.I admit i made an emotional rection to todays pr,rookie maistake.Well,im a rookie so there you go.At least i still have 300,00 free shares which im sure i will sell in double digits.
I dont blame you.I really expected more today.I dont think im being unrealistic,i didnt expect"hey,we hit 11,0000 million barrels of oil today",buy i thought it would be more than a"target depth" pr like the previous ones.
Any comments on the latest update?
NEWS : MXXR -- Matrixx Resource Holdings, Inc.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Matrixx Resource Holdings, Inc.: Weekly Drilling Update on Clovelly South Prospect
LOS ANGELES, CALIFORNIA, Jul 25, 2006 (MARKET WIRE via COMTEX) -- Matrixx Resource Holdings, Inc. (OTCBB: MXXR), announced Company management has visited the Clovelly site and reports that drilling has proceeded near the proposed "M" Sand depth.
All operations are continuing to remain normal. Current depth as of the draft of this report was 13,593. The operator continues to drill ahead as planned. The mud-logger and operator are continuing to circulate and analyze samples as they are brought to the surface. Wire line analysis and surveys will be conducted as determined by the geologist at each depth reached.
The Company will continue to release information on the progress periodically. Any information circulating not released officially by the Company may not be dependable and should
I sold 200,000 sahres this morning,Only because i was holding 1.2 million and have a low cost basis.I really just wanted to see how the order would be filled.The order was filled immeditaely in full at .063 and the bid proceded to immeditately rise.That tells me that the mm's are collecting all the sells.This is a more complicated pr than the previous drill depth prs,its probably being worked on as we speak.
GO KILL YOURSELF.
Who cares? Its one guy,not comfortable with risk/reward i guess.
Just added 50,000 at .072
I think you just answered your own question.Besides hes not smart enough or resourceful enough to do that.Even if he was why would someone want to risk fines,going to jail,whatever,for someone who just calls out of the blue.
You really are dumb. It doesnt matter if you posted theinfo after you recived it you imbecile.The fact that that the info was given to you in the first place would still constitute inside information.
There are a lot of people both here and on raging bull,who have a trmendous amount of time money and energy invested in this stock,myself included.People like you make me sick.
HEY DUMBASS,I GUESS SOMEONE WHO WORKS AT MXXR CALLED YOU FROM THE SITE,LOL.THERE ARE PEOPLE ON THIS BOARD A LOT SMARTER THA YOU,NICE TRY.
Excellent post from rb,someone who was in the oil business.
c'mon dawg, post more bashing. I love it because it may take out some weak hands but if you know anything about the patch you would would know that a wildcat's success is one in 65 but an offset well is over 90% successful so when you start bashing (paid?)it means you have an agenda and it's not to save us from ourselves, a good samaritan you are not, so when I see bashing like yours it's a buy signal.
I seriously doubt that they will report that they havent hit anything. Gas at worst imo.
Very concerning that you think your feeble attempt to pick up cheap shares would work.Going much higher,nice try.
Nice find msgboard,it doent hurt to have "best of breed" drilling for you.This will be a very,very long weekend,i cant wait until Mon!
Now your being silly.
Agreed,they cannot have my shares at these prices.When we double from where we are now,then we'll talk.
Right on trade! I am still holding 1,150,000 shares,i think this is just the beginning.I agree,i think someone knows SOMETHING,due to the dramatic increase in volume over the last 2 hours.
Just posted on raging bull from Jessechristoff.
Great email from IR
I am having problems logging on to IHUB, so if anyone can copy paste this there I would appreciate it. Basically good news if you all remember when I asked the question about if they could get all the oil out, well here is the answer;
RE: Shareholder with a question:
Date: Tue, 18 Jul 2006 12:32:44 -0700
Jesse,
Sorry for not getting back to you sooner. I was on with ORX, as I am planning a trip to the Clovelly property next Monday. I have been told the property/drilling is within the secured LOOP SPR (Louisiana Offshore Oil Port Strategic Petroleum Reserve) facility and need to be escorted, so no, shareholders cant visit without ORX. I don’t remember if it was you that asked me that.
But with questions about recoverable, the numbers anticipated are the recoverable numbers. I think you asked about some article relating to how much 10 barrels are recoverable last week.
Also, from speaking with ORX just a bit ago, they think we will hit the M sand Monday while I am there onsite, so it is quite exciting. He did mention we hit last night a small pocket of gas, but nothing to brag about. He said he doesn’t expect to see anything until we are at the m sand as that is where the 3d test indicated. We have had no problems with the rig other than for changing bits, its been as smooth as it can get. There was one spinner tongs that broke, they temporarily used chain tongs until a new spinner was brought to the rig, and it was replaced, but it didn’t affect anything.
I think your friend Brad, well he and you seem to ask the same questions, so I assume you know each other, got the same answer back. I just responded to him as well.
Mike