Matrixx Resource Holdings, Inc.(fka MXXH)

[howies1]

This what was posted om iv by Howard Haftel(not me)


In my reply to my e-mail [e-mail] 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"