Buck Snag PayDay Cometh soon
Matrixx Resource Holdings, Inc.: Buck Snag Schiurring No. 2 Online for Sales (MXXR is not the Seller, the Well Operator is. MXXR is the Financier/ Owner) and is paid by the well operator who is responsible for storage until marketable units are available for sales and then sold)
Friday January 5, 8:00 am ET
Upon completion of all gas sales from the 3,800 foot sand, the operator anticipates perforating and producing from the 3,500 foot sand and the 2,000 foot sand. Sales from all three pay sands could reach as much as 1 BCFG (is worth more than 2 million dollars, so for MXXR its about $1 million).
Matrixx has a 42.5% working interest into the well. Payback is anticipated as early as six months from commencement of production, which is expected to begin on January 10, 2007. Drilling on the next Buck Snag well is expected in approximately two months
Matrixx Resource Holdings, Inc.: Drilling Update
Thursday April 5, 8:00 pm ET
LOS ANGELES, CALIFORNIA--(MARKET WIRE)--Apr 5, 2007 -- Matrixx Resource Holdings, Inc. (OTC BB:MXXR.OB - News), announced today that operator and Matrixx plan to re-complete the Buck Snag Schuirring No. 2 well.
Further, Matrixx was informed that the Schuirring No. 2 at Buck Snag will be re-completed at the shallower pay sand and will be back online for sales
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