Replies to post #14630 on Matrixx Resource Holdings, Inc.(fka MXXH)

[integral]

MF, I did the same, but was afraid to be the first to post numbers. But I concur with the numbers.

[smithsd7]

Mike, when did the share outstanding go to 312,000,000?

Last I heard it was 262,813,470 on July 14, 2010 per your post #14591.

[wildbill]

very nice/conservative numbers as im sure they'll be working on more deals to add to the portfolio of working interests!! mxxh price action today was kind of predictable as alot of flippers sell on news> :( price will slowly come up to your numbers as daytraders step out/ then buy back in for the next turn of events. still holdin all myself ,as she's doin what she said she'd do!! gltyall wb

[techno53]

Also, consider the oil potential of this property:

From the article on Wilcox Formation:

http://www.resourcexinvestor.com/news.php?id=3868

But the Wilcox Formation yields an average of 600 barrels per acre foot, Kadane says.

600 barrels x 400 feet per acre x 82 acres = 19,680,000 barrels x $78 /bbl = $1,355,040,000 x 50% = $767,520,000 / 312,000,000 OS = $2.46 pps for MXXH.

[techno53]

Mike, imagine crunching the capitalization numbers for the total recoverable gas potential in the Live Oak County property.