Explortex Energy Inc (fka EXPX)

[Dyson]

EXPX Alert: Oil price is spiking with its new acquisition!

Let's look at EXPX today. The company has just announced the filing of Form 8K after the market close yesterday. EXPX is in the right place at the right time when the oil pricing is rising again! EXPX is an independent oil and gas exploration company with North American operations, practicing a sensible and intelligent approach to oil and gas exploration via a series of lease acquisition on "already proven" oil prospects! EXPX is an exemplary model of oil producing company and is about to potentially make early investors windfall profits!

Hurry and watch EXPX in action this morning!

EXPX's primary operating philosophy is to develop low risk, high yield, under developed oil and gas reserves utilizing the most current technology available.

No one says NO to oil & gas exploration companies that got good leases, qualified exploration team and low cost production approach!
And EXPX could expect an 100x increase from its current market cap if you read my fundamental analysis further below.
And yet, yesterday after the market closed, it just announced having filed Form 8K with the SEC on its additional 4725 acres of land!
http://finance.yahoo.com/news/Explor....html?x=0&.v=1

EXPX is in the right place at the right time when the oil pricing is rising again!

The filing announcement is about the original Amoco Production Company Lease assignment relating to the Explortex Energy, Inc. transaction with Blackriver Petroleum, LLC and Ameroil Corp. The agreement is to purchase the hydrocarbon rights to 4,725.61 acres commonly referred to as the "Greenwood-Waskom Mooringsport Unit," Caddo Parish, in the State of Louisana.

On August 24, 2011, Explortex Energy Inc. entered into an asset purchase agreement made by and among Explortex Energy, Inc., Blackriver Petroleum, LLC and Ameroil Corp.The agreement is to purchase the hydrocarbon rights to 4,700 acres and in excess of 41 well bores commonly referred to as the "Greenwood Waskom Field", which is located in Caddo Parish, in the State of Louisiana.
Lets do a rough calculation, assuming $90 per barrels and 25 oil barrels a day; it will be 41 wells x 25 BOPD x 365 days x $90 to reach $33.6 Million in revenue a year with just this project alone! I assume 90% confidence level of "hit" using 3D seismic technology to identify "producing" drilling locations.

Lets say it is $500K per well for vertical drilling production, we are talking about $33.6M – 41 wells* $500K as an annual net profit of $13 Million. Assuming a PE ratio of 15 for oil & gas industry, we can see a $13 Million x 15 to reach $195 Million market cap which is 100x increase (in just 1+ year, including 10-14 drilling days on each well) from its market cap of 1.92M today!!!

EXPX took serious actions with a series of acquisitions in "oil" lands then materialize them with official 8K filings!

On August 9, 2011, EXPX entered into an agreement with Mesa Operating, LLC to purchase a 17.5% working interest in the Mesa-Stafford #23-1 well, with an option for another 17.5%. The Mesa-Stafford #23-1 will be drilled to a depth of 4,000 + feet to test the prolific Wilcox Formation. The drill site is located in a Wilcox rich production area with produced reserves ranging from 30,000 barrels of oil to over 3 million barrels of oil per well. It is noted that the abundant well control, geology and seismic data support Wilcox structure underlying the Stafford prospect. There are three to five potential drill sites within the 160 acre Stafford Lease.

Also on August 9, 2011, EXPX completed a subscription agreement for one (1) unit, representing a 17.5% working interest on one (1) well known the Mesa-Stafford 23-1. The total cost is $119,000 for the unit.

On June 23, 2011, EXPX announced that Mesa Operating, LLC will be the operator of record for its three (3) well drilling program in Palo Pinto County, TX. Explortex recently entered into an option agreement with Mesa Resources, Inc., the owner of the Bridges lease. Explortex will participate in a 75% Working Interest for the three well program.

Mesa Operating currently operates two additional wells on the 220 acre Bridges lease located in Palo Pinto County, TX. There are multiple productive targets underlying the Bridges lease at depths ranging from 1,100 feet to 5,000 feet. Recent activity in the Marble Falls formation has resulted in increased drilling activity in the immediate area of the Bridges lease.

On March 16, 2011, EXPX announced that the company filed an 8K on March 15, 2011, disclosing and completing the farm in, known as the Bryson Project, to an 80% working interest in a 75% Net Revenue lease over 300 acres in Jack County, TX, from Borderline Operating Corp. A total of five (5) wells will be drilled on the acreage.

Due to a rising standard of living, oil demand continues to increase; and here are the facts:
The world depends on energy in the form of oil and natural gas. These fuels improve our quality of life by providing us with transportation, warmth, light and many everyday products. They enable us to get where we need to go, they supply products we need and they create jobs.
At home in the U.S, two-thirds of the energy we use is either oil or natural gas. Trending higher oil and natural gas prices are principally the result of a supply and demand imbalance.
The reality is, the major oil fields of the world, Saudi Arabia, Mexico and others are in decline.
Oil like never before, is a worldwide commodity. We compete with other consuming nations, like China and India, for this fuel source. With increased competition/demand and no major new supplies, prices will continue to rise worldwide.
There are about 5,000 Independent Oil and Natural Gas producers (“Independents”) in the U.S. They operate in 33 states and offshore. Independents drill 90% of the wells in the U.S.; they produce 68% of America’s oil, and 83% of domestic natural gas. Independents can be small family companies or large publicly traded companies, and everything in between.

EXPX supports a sustainable business model and sets an example for junior oil & gas exploration companies across the globe by acquiring leases on oil-rich properties.

"Explortex is excited to participate in this infield drilling prospect", said CEO Ken Martin of Explortex. Mr. Martin stated, "With oil prices hovering above $90 per barrel, it makes sound economic sense to pursue these relatively inexpensive wells when one factors the proximity of the offset production surrounding the property".
EXPX is an exemplary model of oil producing company and is about to potentially make early investors windfall profits.

EXPX is a company that is poised to take advantage of the current market pricing of oil that have created new opportunities to bring online proven undeveloped reserves, with very little downside risk to the company. The company's primary operating philosophy is to develop low risk, high yield, under-developed oil reserves utilizing the most current technology available.

I should re-emphasize that with its quality management, EXPX practices a sensible and intelligent approach to oil exploration to help ensure a closely monitored cash-flow while providing direct, singular access to a roster of qualified engineers, drilling and development specialists, geologists and geophysicists.

EXPX has a full support from established and experienced drilling companies currently taking advantages of the recent drop in drilling costs and new exploration technology.

Through EXPX's operation, I can see a high net profit here: lowered drilling costs, coupled with increasing oil & gas prices equates to greater potential rates of return on investment!

The market is starting to recognize EXPX as it is becoming more visible to the street lately as you can see. Hurry up and be ready for another action-packed day with EXPX as this new PR can make it run a marathon from here!

For additional information, go to the website: http://www.explortex.com/