Matrixx Resource Holdings, Inc.(fka MXXH)

[howies1]

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