Matrixx Resource Holdings, Inc.(fka MXXH)

[JADE77777]

glad to finally have an IHUB account

Most of you know me from the Yahoo GNBT board and the RB VNBL board as jessechristoff, figured I would use an alias this time lol. Would like to also state I previously was going to take all my profits on the pure speculation of this stock prior to the drilling results in, but in lieu of the recent PR and the 4 new prospects along with the gold mine prospect, I have gladly decided I am in for the long haul. That being said I have a few questions and comments to add to this board. First of all I think if/when they hit oil, that will give the company the needed funds to fund the gold mine prospect and perhaps allow the company to purchase more then a 5% interest on any additional drilling exploits. I have been reading up on the Red Lake Distict mines, I have posted several links on the Raging bull board for those interested. It looks like it has a lot of potential, and remember gold prices like oil are rising drastically as of late. As for the rescent name change I think it was a good idea, possibly reflecting they are trying for a new start. Though I do think it played a major part in the low volume friday, merely for the fact that most of the online brokers were not prepared enough for it. I do have one question yet to be answered, I have asked it on the RB board but am not satisfied with any answer I got. I am not trying to be the least bit negative, I would just like to know if the estimated possible oil reserves are the ammount of oil they can actually get out of the ground or if it is the total ammount down there, I'm basing this question on the following excerpt and link.




http://www.fossil.energy.gov/education/energylessons/oil/
"Let's assume that an oil reservoir had 10 barrels of oil in it at the start (an actual reservoir can have millions of barrels of oil). This is called "original oil in place." Of those original 10 barrels, primary production will produce about two and a half barrels (2½). "Waterflooding" will produce another one-half to one barrel.

That means that in our imaginary oil reservoir of 10 barrels, there will still be 6½ to 7 barrels of oil left behind after primary production and waterflooding are finished. In other words, for every barrel of oil we produce, we will leave around 2 barrels behind in the ground"


I will close in wishing everyone Good luck, this is going to be one exciting market week starting tommorrow.