TBX Resources Inc. (OTCBB:TBXR)
GROWTH ANNOUNCEMENTS AND HUGE NEWSLETTER COVERAGE THIS WEEK FOR TBXR !!!
In the past weeks TBXR has been profiled by some major newsletters and its gett
ing more notice. There has been and will continue to be nice volume and a stro
ng increase in price for several days. These are the same newsletters that pro
filed CLKS two weeks ago. They brought CLKS from $1.50 to $4.35 in ten days.
We know for certain that the same groups are going to profile TBXR starting on
Thursday---tomorrow 8/9/01. Not to mention that if you own the stock before Au
gust 15th which is next week, you will get shares of the new companies subsidia
ry GULFTEX drilling (read July 10th press release below). TBXR is a debt free
profitable oil and gas drilling company. They are aggressively expanding there
operations..and the stock price is reflecting there growth.
We are very proud that we can share this information with you so that you can m
ake a profit out of it. It is highly advisable to consider taking a position i
n TBXR as soon as possible, today before the market closes, or tomorrow at the
latest. Once again may I also add that this is not a daytrade..it is a longer
term hold with continuous upside potential.
The stock shot right up from its 52 week low of .60 cents to $2.35 per share an
d is ready to break out over $3 and will start moving up immediately from there
. We believe the stock could easily reach its 52 week high of $5.35 in less th
an a month as an initial target. Then look for a possible run to $10 - $15 per
share over the next six to twelve months. Shares Outstanding: 14,559,027 as o
TBX Resources Inc. Announces Spin-Off of New Drilling Company
DALLAS--(BUSINESS WIRE)--July 10, 2001--TBX Resources Inc. (OTCBB:TBXR - news)
announced today the formation of GULFTEX Drilling Inc., a new drilling company
that is a wholly owned subsidiary of TBX Resources Inc., to be spun off to TBX'
s shareholders. The spin-off will be initiated by a stock dividend to existing
TBXR shareholders of record as of August 15, 2001 whereby one share of GULFTEX
common stock will be distributed for every five shares of TBXR owned. GULFTEX D
rilling Inc. expects to actively pursue the acquisition of three drilling rigs
and one rework rig.
TBX Resources Inc. also announced today that they have contracted to acquire 10
0% of the Working Interest with a related 75% Net Revenue Interest in leases co
vering 3,363 acres in the Barnett Shale in Montague County, Texas from American
West Resources Inc. The Barnett Shale development project consists of as many
as 30 wells potentially to be drilled over the next 24 months. The drilling rig
s are expected to be on location in the Barnett Shale field as soon as GULFTEX
completes the acquisition of the rigs. According to American West Resources Inc
., projected reserves for these leases may reach 1.5 BCF (billion cubic feet) p
er well. Based on that projection, the potential reserves could be as high as 4
5 Billion Cubic Feet of Gas to be developed throughout the life of the project.
According to TBX's accountants report, the Pro Forma numbers could possibly be
as much as $70 Million in revenue to TBX Resources Inc., over the life of the
project, although no assurances can be ma!
de that these leases will live up to TBX's expectations. An option agreement wa
s executed to acquire an additional 7,000 acres to further develop the Barnett
Shale in the same area of Montague County, Texas.
Mitchell Energy & Development Corp. announced on June 14th that they have drill
ed nearly 700 wells in the Barnett Shale since 1990 and attributes a 38% increa
se to their bottom line for 2001 due to their Barnett Shale success. They recen
tly announced plans for the drilling of 1,180 additional wells over the next 4
years, with the current 55-acre spacing. That activity, along with drilling by
other producers, have expanded the area's previously proven limits by more than
50% to cover 120,000 net acres, officials said.
This release may contain certain forward-looking statements (as such term is de
fined in the Private Securities Litigation Reform Act of 1995), which reflect t
he views of TBXR's management with respect to future events. These statements a
re subject to uncertainties and other factors that could cause actual results t
o differ materially from the statements made. Readers are cautioned not to plac
e undue reliance on any of these forward looking statements since there can be
no assurances that the forward looking information contained herein will in fac
NOTE to U.S. Investors -- The U.S. Securities and Exchange Commission permits o
il and gas companies, in their filings with the SEC, to discuss only proved res
erves that a company has demonstrated by actual production or conclusive format
ion tests to be economically and legally producible under existing economic and
operating conditions. Certain terms used such as ``probable'' and ``possible''
are terms that the SEC's guidelines strictly prohibit issuers from including i
n filings with the SEC. U.S. investors are urged to review all public filings m
ade by public companies.
**** This stock pick and profile was sent to you free of charge in the hopes to
help you make money. Feel free to distribute this profile to anyone you know
of that trades stocks. PLEASE do your own research before buying this stock..w
e want you to as feel safe about the investment you are about to make as we do.
All we ask in return, is when you make money over the long term with our pick
s, that you consider giving back to a charity in your area. We are grateful to
be able to do what we do and help others. Wishing you health, happiness and s