Replies to post #17934 on Matrixx Resource Holdings, Inc.(fka MXXH)

[techno53]

Correct, when the drilling activity is completed and the well is logged. Based upon the life time oil and gas reserves as stated in the PR:

http://ih.advfn.com/p.php?pid=nmona&article=45240673

The reason the pps varies is due to the SS, the stake percentage and the price of oil and natural gas. When the OS was lower the pps estimates were higher at a given market value for natural gas and oil. JMO

The pps should be in the penny range once drilling starts. The activity of the Wilcox Formation is similar to Clovelly Prospect except MXXH has a 25% stake versus 5% stake as in Clovelly Propsect. JMO

I strongly recommend you do your own D&D and review all present and past PR's issued by MXXH.