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TheSUBWAY.com Names Stocks to Its Stock Pick List, Including TX Holdings, Inc.

Strategic Insights

— 1 min read

TheSUBWAY.com has announced its latest stock pick list, featuring TX Holdings, Inc. (PINKSHEETS: TXHG) as a top contender. The company has acquired a significant oil and gas lease in Eastland County, Texas, which is expected to produce substantial reserves. The lease, known as Contract Area No. 1, consists of four leases and has estimated reserves of approximately 19,000,000 recoverable barrels.

Key Takeaways:

  • TX Holdings, Inc. (PINKSHEETS: TXHG) has acquired a 60% working interest in the oil and gas leases known as Contract Area No. 1 (C/A 1) in Eastland County, Texas.
  • The leases have pay zones in five areas less than 1,000 feet, with 36 wells on the property and estimated reserves of approximately 19,000,000 recoverable barrels.
  • Of the estimated reserves, 7,200,000 barrels are proven developed behind pipe, and 28 of the wells are either currently producing or are producible.
  • The company's low production development strategy includes recompletion or work-over of the wells, increasing the likelihood of successful production.
  • The combined production from the leased properties is estimated to increase the company's initial production to approximately 320 to 400 barrels per day.
  • Fully developed after 2 years, the C/A 1 leases are projected to produce 2,966 BOPD.
  • Other stocks highlighted by TheSUBWAY.com include Secure Computing Corporation (NASDAQ: SCUR), Infosys Technologies (NASDAQ: INFY), and JDSU (NASDAQ: JDSU).
  • The company's stock pick list is compiled based on corporate communications and finance expertise, highlighting stocks in the news, with high volume trading, or experiencing large price swings.

Statistics:

  • The estimated reserves from Contract Area No. 1 are approximately 19,000,000 recoverable barrels.
  • Of the estimated reserves, 7,200,000 barrels are proven developed behind pipe.
  • 28 wells on the property are either currently producing or are producible, with the remaining wells suitable for injection or supply wells.
  • The company's initial production from the leased properties is estimated to increase to approximately 320 to 400 barrels per day.
  • Fully developed after 2 years, the C/A 1 leases are projected to produce 2,966 BOPD.

Sources:

  • TheSUBWAY.com: http://www.thesubway.com
  • TX Holdings, Inc. (PINKSHEETS: TXHG)
  • Secure Computing Corporation (NASDAQ: SCUR)
  • Infosys Technologies (NASDAQ: INFY)
  • JDSU (NASDAQ: JDSU)
  • American Association of Petroleum Geologists (AAPG)
  • Cesar Orosco, American Association of Petroleum Geologists

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