Stratex Oil & Gas Holdings Inc (STTX)

[Oilcard]

I think you are dead on in your assumptions. I have been delivering truck loads for years in the bakken play and have done well watching the different companies. I graduated engineering years ago and decided I wanted to keep my wife and kids so I went to owning oil field trucks. I think my biggest win was Northern Oil and Gas. I got in on Kodiak too. From what I am reading, this is a very large play. I have come up with different pressure expectations since looking at the well files on the Moroni well to the south. I am seeing minimum pressures with gradients of .66 which would give you bottom hole pressures north of 7500 lbs. It will be interesting to see pressure build up so we can determine the perm. What makes no sense is the that the numbers will be skewed if they havent recovered their fluids yet from the frack. If you extrapolate that to Bakken and with a zone that is much thicker, say three times, then you have reserve potential of 30 to 40 million bbls recoverable per mile. Now don't get too excited but those are very reasonable numbers. Can someone send me the link to the old presentation that some fella was talking about on the yahoo website? It was by the predecessor to Stratex.