Stratex Oil & Gas Holdings Inc (STTX)

[PlatypusRx]

This link is to a pic showing heat signature at the Moroni 11M well site (left side of photo).

https://dl.dropboxusercontent.com/u/14558109/Whiting%20Sanpete%20locations.ppt

Oil-investor, I am not concerned at the lack of announcements... yet, anyway. The UT Oil & Gas Commission hearing to discuss gas flaring was postponed until April 23. We should hear more then. Meanwhile, I am hearing that the Moroni 11M is way out of the ordinary for a shale well. No shale well has ever flowed back drilling fluids like this. A narrative passed around in 2013 by Skyline, the company that sold Whiting its original 160,000 acre stake, predicted -- based on logs from a side-track drilled by Cimarron Energy, an Oklahoma outfit, in the mid-1990s -- that the formation is highly fractured (hence, not "tight") and over-pressured (perhaps an understatement). They predicted a 2,000 bopd IP per well. If this was a plain-old Bakken or Eagle Ford well, we would not be seeing production for a while yet. It's worth noting, however, that Cimarron, and before that Hansen and True Oil (who partnered on the original Moroni #1AXZH wildcat way back in 1976) had great oil shows, but experienced mechanical problems -- which is why folks are only now circling back to it. I'm all for victory dances in the end zone. But another month of production won't hurt. For now, you can buy a decent sized stake for lunch money.