EXPX - Explortex Energy, Inc.

[smartinvest22]

Explortex Files Geologist's Report on Greenwood Waskom Mooringsport Unit

KATY, Texas, Sep 13, 2011 (BUSINESS WIRE) -- Explortex Energy, Inc. (Pink Sheets: EXPX) is please to announce that it has released a preliminary geological and engineering evaluation on the Greenwood Waskom Mooringsport Field, in Caddo Parish, Louisiana.
The November 2008 evaluation prepared by Kent S. Castagno, Petroleum Geologist License #5642, of Tyler TX, determines the oil-in-place to be 15,085,520 BO (Barrels of Oil). The field had a primary production of 3,527,052 BO as of December 1966. Through a secondary water flood operation, the field produced a cumulative production of 5,007,882 BO.

The company intends on investing capital into the recompletion of these existing wells and increasing the current daily flow rates. The pro forma statements in the report were priced at a $40 oil price, and as such the company will be revising the numbers to reflect current oil prices. Oil closed at approximately $88 on September 12, 2011.

[smartinvest22]

EXPX trending back up and with some decent appreciation this could break even by EOD. EXPX may have done their raise today and moved on to their daily operations. BUY $EXPX before it gaps up!

[smartinvest22]

EXPX-through this lease, shallow and underexploited oil wells and 3D seismic technology put in place I see a high net profit here! Coupled with increasing oil & gas prices this equates to even a greater ROI potential!!

[smartinvest22]

EXPX is focused on drilling light and shallow oil wells offering a much bigger margin profit. EXPX has recently purchased a lease to exploit 62 oil wells found on a 4,7000 acre property with its proven historical mineralization showing offset production of 200,000 oil BBLS and 500 MIL cubic feet of natural gas! With current oil and gas market value we're looking into $800 million revenue easily!!!