Matrixx Resource Holdings, Inc.(fka MXXH)

[BMiles]

Well, I’ll speculate on the visit to the well on Friday. The last time they all went to the well was on the date they anticipated reaching the first expected pay zone of the “M” sand. At that time they were off a little on the dept from their 3D Sismec so they left and we hit significant gas only days later. They stopped drilling at a point they felt was just above the oil reservoir as they had already hit oil quality stringer sand. The viscosity of the mud at this point was so high that the Rig was now at its limitation so as I stated they stopped drilling in order to case the well so they could complete the drilling.

In the last update from Sonoris there was not mention of stuck pipe, fishing, or jarring. My guess is they resolved the issue in one way or another. Now they all plan to be there on Friday so I am going to assume that drilling has once again resumed and they expect to hit oil on Friday. I think everyone has until Friday to get their position established in this stock.

JMO,
Brad