The QualityStocks Daily
Inspiration Mining Corporation (ISM.TO)
Today, we are highlighting Inspiration Mining Corporation (ISM.CA) here at the QualityStocks Daily Newsletter.
Trading on the Toronto Venture Exchange, Inspiration Mining Corporation (ISM.TO) is a junior mining company. The Company explores for polymetallic, massive sulphide deposits on their Jasper property on Vancouver Island , British Columbia , and nickel deposits on their Langmuir property near Timmins , Ontario . They also explore for gold-copper on the Barton Syndicate Dry Fork property in Utah . Inspiration Mining Corporation owns, or has the rights to, a 100 percent interest in these three mineral properties.
Inspiration Mining's Langmuir Nickel Property is in Langmuir township, Porcupine Mining Division, Ontario , Canada . Inspiration Mining has the rights to 100 percent interest in 28 unpatented contiguous claims containing 69 units. This covers approximately 1,090 hectares. Inspiration believes that the Langmuir property has not received exhaustive exploration. They believe there is room for the discovery of additional zones of massive, net-textured, and disseminated nickeliferous sulphide mineralization.
The Company's Jasper Property is on Vancouver Island in British Columbia . They have the rights to 100 percent interest in 82 mineral claim units here, near the Pacific Coast in western Canada . Those claims cover 2050 hectares lying west of Lake Cowichan in west-central Vancouver Island . Based on historical exploration programs and programs conducted by the Company, Inspiration Mining believes the Jasper property offers excellent exploration potential for the discovery of a series of clustered, volcanogenic massive sulphide (VMS) deposits.
Inspiration Mining's Dry Fork (Barton) Property is in Bingham Canyon , Utah . The Company has the rights to 100 percent interest in 31 contiguous lode claims covering 246 hectares. Based on proximity to past gold mining activity and the analysis of all mines and mineral occurrences in the Bingham area, Inspiration Mining believes this property is within a zone possibly hosting gold mineralization.
On October 27, Inspiration Mining announced that they received regulatory approval from the Toronto Stock Exchange (TSX) to launch a normal course issuer bid. The Board of Directors of Inspiration Mining believes that the current market price of their common shares does not properly reflect the underlying value of the Corporation. They believe the purchase of their common shares is appropriate and in the best interests of the Corporation and their stakeholders.
Last Friday, Inspiration Mining Corporation reported they are pleased with their continued success of the diamond-drilling program on their Langmuir Project. The property hosts the past producing Langmuir No.1 Mine, and the majority of the past producing Langmuir No. 2 Mine. Inspiration is continuing with the drilling at the Langmuir Project-North Zone.
Today, Inspiration Mining Corporation (ISM.CA) closed trading at $0.68 down $0.03 or 4.23 percent. Volume was 28,236 for a 3-month average volume of 63,143.80. The 52-week range for the stock is $0.63 to $4.80.
Simulations Plus Inc. (SLP)
Knobias and Taglich reported on Simulations Plus Inc. (SLP), and today we choose to highlight the Company, here at the QualityStocks Daily Newsletter.
Simulations Plus, Inc. is a developer of drug discovery and development simulation software. Headquartered in Lancaster California , the Company licenses their software for use in drug research by pharmaceutical, biotechnology, and drug delivery companies worldwide. Trading on NASDAQ, Simulations Plus Inc. also operates their Words+, Inc. and FutureLab™, based on their proprietary software technologies.
Simulations Plus is the leading developer of Absorption, Distribution, and Metabolism and Excretion (ADME) neural net and simulation software. Their software allows pharmaceutical scientists to predict drug dynamics, such as absorption, in silico, which eliminates multi-million dollar clinical trial failures. This speeds up the commercialization and marketing of new and useful medications.
The Company's software product suite includes Gastro Plus™. This computer program simulates absorption and pharmacokinetics for orally dosed drugs. Simulations Plus's ADMET Predictor™ is a program that enables pharmaceutical researchers to estimate absorption, distribution, and metabolism, excretion, and toxicity properties of new chemical entities from their molecular structure. ADMET Predictor™ now incorporates ADMET Modeler™, a software program that reduces the time needed to create high quality predictive artificial neural network models.
Simulations Plus Inc.'s ClassPharmer™ is software for screening data analysis, hit-to-lead development, and lead optimization. The company's DDDPlus™ is a tool for formulation scientists that simulate the in vitro disintegration and dissolution of dosage forms in USP Paddle, Basket, and Flow-Through experiments.
Simulations Plus announced in August that they received a purchase order from the U.S. Food and Drug Administration to license their ADMET Predictor™ software. They also announced that they received a purchase order from the U.S. National Institutes of Health to renew their licenses for Simulations' best-in-class ClassPharmer™ software.
Simulations Plus announced in September that they signed a collaboration agreement with a top-three pharmaceutical company. This is to extend and enhance their prototype ocular drug delivery module within their GastroPlus™ simulation software program.
Dr. John Crison, director of life sciences for Simulations Plus, said, "We're very pleased that this collaboration will support the further enhancement of GastroPlus. As a result of discussions over the past couple of months, our customer offered to fund a collaboration at a level of one full-time equivalent (FTE) for one year to take our prototype capability to the next level."
Today, Simulations Plus Inc. (SLP) closed at $1.31, which was up $0.14 or 11.97 percent. Share volume was 35,055 for a 3-month average volume of 37,887.70. The 52-week spread for the stock is $0.01 to $6.75.
Z Trim Holdings Inc. (ZTMH)
Knobias reported earlier on Z Trim Holdings Inc. (ZTMH) and today we choose to highlight the Company, here at the QualityStocks Daily Newsletter.
Z Trim Holdings Inc. produces, markets, and distributes functional food ingredients and formulated foods in the United States and internationally. Their USDA-developed Z Trim is a natural non-caloric ingredient that can lower calories from fat up to 50 percent in foods while allowing foods to maintain taste and their normal texture. With headquarters in Mundelein, Illinois , Z Trim Holdings Inc. trades on the OTCBB.
Made from corn hulls, Z Trim can reduce harmful trans fats, saturated fats, and cholesterol. It finds use in the dairy, bakery, and meat and poultry industries. It also finds use in 50,000 plus meals a day in schools that take part in the country's School Meals Program. Consumers can also purchase Z Trim through the company's online store where they offer the product in a powdered and gel form.
Z Trim can serve as a fat replacement, thickening agent, or emulsifier. It has texture-adding, binding, shaping, suspension, and water control and pH balance characteristics. It can also be a lower cost alternative to many oils, gums, and starches. It is suitable for use in dairy products, dressings, dips, sauces, baked goods, processed meats, snack foods, cookies, pies, cakes, icings, brownies, bars, ice cream, and milk shakes among a host of other foods.
Along with their corn Z Trim, the Company also sells an oat Z Trim. Founded in 1994 the Company markets their products via direct sales to food manufacturers, small and mid size companies, and consumers. They also market to food institutions, which supply to restaurants, hospitals, schools, and cafeterias.
Z Trim Holdings, Inc. exhibited and provided samples of healthier burgers, dressings, and snack bars to an estimated 7,000 food service directors and school nutrition professionals at the School Nutrition Association's 2008 Annual Nutrition Conference (ANC) in Philadelphia , Pennsylvania this past summer. These products are an example of the broad spectrum of goods made with Z Trim's natural corn fiber.
Today, Z Trim Holdings, Inc. announced third quarter results that reflect continued improvement in business fundamentals as they continue with a revised business plan. Their Third quarter 2008 revenues more than doubled over those of quarter three 2007. The Company is concentrating their marketing efforts on the versatility and functionality of their products to the food industry. Third quarter 2008 net losses decreased 66 percent from the same period last year.
Z Trim Holdings Inc. (ZTMH), closed today's session at $0.06 down $0.01 or 14.29 percent. Volume was 27,600 for a 3-month average volume of 92,273.80. The 52-week range is $0.03 to $0.65.
EZCORP Inc. (EZPW)
Today, Forbes.com reported on EZCORP Inc. (EZPW), Zacks.com did last week, The Street, The Stock Advisors, The Tycoon Report, StockEgg.com, Wall Street.net, Knobias, Small Cap Investor, Investopedia Advisor did earlier, and today we highlight the Company here at the QualityStocks Daily Newsletter.
Headquartered in Austin , Texas , EZCORP Inc. is a market leader in the specialty consumer-finance industry. The Company is mainly a lender or provider of credit services to individuals who do not have the cash resources or access to credit to meet their short-term cash needs. Founded in 1989, and trading on NASDAQ, the Company operates more than 670 storefronts in 13 states and Mexico . These are under the EZPAWN, EZMONEY Loan Services, EZMONEY Payday Loans, and EZ Loan Services brand names.
EZCORP offers non-recourse loans (pawn loans) collateralized by tangible personal property. They also sell merchandise, which is primarily collateral forfeited from their pawn lending operations. They offer these goods to consumers at good value-for-money spent. In their EZMONEY locations and U.S. EZPAWN locations EZCORP offers short-term non-collateralized loans (payday loans), or fee based credit services to customers seeking loans.
EZCORP holds approximately 29 percent of the outstanding shares of Albemarle & Bond Holdings, plc (A&B). A & B operates more than 75 locations in the United Kingdom . They offer their clientele pawn loans, payday loans, check cashing, and retail jewelry. EZCORP Inc. employs approximately 3,000 associates.
On November 13, EZCORP announced that they completed the acquisition of the assets of eleven pawnshops located in Las Vegas and Henderson , Nevada . These operate under the Pawn Plus and ASAP Pawn brands. EZCORP acquired approximately $5.4 million of pawn loans, $3.0 million of inventory, and $1.1 million of auto title loans. They also acquired all other operating assets at these eleven locations. The total purchase price was approximately $34.3 million.
EZCORP Inc. (EZPW) closed Tuesday's session at $14.55 for no change. Volume was 442,879 for a 3-month average volume of 627,928. The stock's 52-week range is $10.00 to $19.25.
iB3 Networks, Inc. (IBNW)
Today, SmallCap Voice reported on iB3 Networks, Inc. (IBNW)
iB3 Networks, Inc., through their subsidiary, iBeam Solutions, LLC, engages in the sale of information technology hardware and software products in the United States and globally. Trading on the OTCBB, they also offer consulting and Web hosting services. Founded in 2002 they mainly serve large enterprises, small-to medium-sized businesses, and public sector institutions.
Formerly known as Language Access Network, Inc., iB3 Networks, Inc. has their corporate headquarters in Canal Winchester, Ohio. The Company and subsidiary iBeam Solutions, Inc. are a Microsoft Gold Certified Partner who deliver scalable hosting solutions, managed hosting, dedicated hosting and Co-location, world-class IT infrastructure, and 100 percent uptime SLA . They also provide 24/7, 365 day FirstCall Support, help desk, design and implementation of networks, security and Internet monitoring, and technical support. In addition, they provide web development, application development, database development and support, and wireless solutions. iB3 Networks is a Cisco Certified Select Partner.
The Company acquired their iBeam Solutions, LLC in 2007. iB3 expanded their services to include the above solutions and became a comprehensive provider of technology solutions to businesses, with the iBeam acquisition. The iBeam Solutions acquisition is helping iB3 Networks Inc. generate significant revenue and they are focusing on expanding operations over the next several months.
Today, the Company and their wholly owned subsidiary iBeam Solutions announced that they signed a Letter of Intent to purchase NYC Mags, Inc., the owner of MadisonAvenueMatch.com, for an all-stock deal. MadisonAvenueMatch.com is a development stage website. They expect to launch in the first quarter of 2009.
MadisonAvenueMatch.com is an upscale online dating web-based service focused on New York City men and woman with busy careers, looking for someone special in their lives. This site will offer a complimentary 30-day trial, and access to private mixer events. They will offer their new members the ability to upgrade with a variety of membership options, ranging from $39.99 to $99.99.
Today, iB3 Networks, Inc. (IBNW) closed at $0.45 for no change. Volume was 1,500 for a 3-month average volume of 129.032. The 52-week spread is $0.40 to $1.00.
Sinobiomed Inc. (SOBM)
The Street Alert reported this month on Sinobiomed Inc. (SOBM), RightSide Advisors, and Investor Relations did recently, and today we are highlighting the Company here at the QualityStocks Daily Newsletter.
Sinobiomed Inc. is a leading developer of genetically engineered recombinant protein drugs and vaccines. Trading on the OTCBB, the Company has ten products in their portfolio. Three are on the market, four are in clinical trials, and three are in research and development. Headquartered in Shanghai , China , Sinobiomed Inc. products are for the treatment of a broad range of diseases and conditions, such as malaria, hepatitis, surgical bleeding, cancer, rheumatoid arthritis, diabetic ulcers, burns, and blood cell regeneration.
The Company's research team has strong partnerships with leading Chinese research hospitals and institutes. These are for collaborative development of patented and patentable techniques and treatments. They include associations with the Second Military Medical University and their affiliate hospital, Changhai Hospital . Sinobiomed Inc. also has an alliance with Fudan University .
Sinobiomed Inc. has a China wide sales and marketing network, as well as international marketing support programs. They acquired a 90 percent interest in the Suzhou Boai Medical Development Company in September of last year. Suzhou Boai is an established pharmaceutical distribution company. The acquisition gives Sinobiomed control of the SFDA GSP (Good Supply Practice)-certified firm and an established customer base. Sinobiomed expects this acquisition will expand their market reach and grow their sales accordingly.
Sinobiomed's operation in Shanghai consists of a 20,000-square-meter facility. This is for integrated research and development, manufacturing, quality control, and sales and marketing. It also consists of a 3,000-square-meter Good Manufacturing Practice plant certified by Chinese State Food and Drug Administration.
Sinobiomed announced recently that they have applied for a Chinese and an international patent for recombinant human kallikrein-1 (rhK1), and for a Chinese patent for a recombinant multivalent tuberculosis vaccine. This rhK1 is a product Sinobiomed is developing for the treatment of stroke and peripheral vascular disorders, and for the prevention of blood clots and thrombosis. The patent applications are for the method of preparation and for the aqueous formulation used for injecting the treatment. Right now, commercial drugs containing kallikrein-1 in China and Japan come from human urine or animal pancreas. Sinobiomed Inc. has succeeded in developing the world's first recombinant human kallikrein-1 in the yeast, Pichia pastoris.
Today, Sinobiomed Inc. (SOBM) closed at $0.05, which was up $0.02 or 92.31 percent. The 52-week range for the stock is $0.03 to $1.79. Share volume was 155,960 today and the 3-month average volume is 179,925.
SiRF Technology Holdings Inc. (SIRF)
Today, StockStars.net reported on SiRF Technology Holdings Inc. (SIRF), Knobias, StockEgg.com, HotOTC.com did recently, The Street, SA Advisory, SmallCap Investor, Ahead of the Bulls, Trading Markets did earlier, and we highlight the Company as well, here at the QualityStocks Daily Newsletter.
Founded in 1995, SiRF Technology Holdings, Inc. is a NASDAQ traded company that develops and markets location platforms. They base these platforms on semiconductor and software products designed to enable location-awareness using GPS and other location technologies, enhanced by wireless connectivity and multimedia capabilities for high-volume mobile consumer devices and commercial applications. SiRF has their corporate headquarters in San Jose , California . They also have sales offices, design centers, and research facilities worldwide.
The Company's technology is now a part of diverse mobile consumer devices. These include automobile navigation systems, portable navigation devices, mobile phones, mobile computers, GPS-based peripherals, and handheld GPS devices. Commercial applications of their technology include location servers, asset tracking devices, and fleet management systems.
SiRF Technology Holdings Inc. markets and sells their products in wireless handheld devices such as mobile phones and in automotive electronics systems, including navigation and telematics systems. They also market and sell them in consumer electronics products such as recreational GPS handhelds, mobile gaming machines, digital cameras, and wearable devices. In addition, they also market and sell them in mobile computing systems, including personal digital assistants, notebook computers, universal mobile personal computers, and mobile internet devices.
Last week, SiRF announced they are working with Samsung to bring the power of GPS-enabled location services to GSM mobile phone subscribers in China . The low-power SiRFstarIII multimode A-GPS architecture is at the core of the Samsung SGH-i728 mobile phone. The Company designed this SiRF architecture to guide people to their destinations; support timely, location-enhanced traffic, weather, event updates, and other useful information, and help locate local restaurants, entertainment, and hotels. The SiRF GSC3LTf product, used in this Samsung mobile phone, puts the SiRFstarIII architecture on a small, wireless-friendly chip. It integrates several power management and control functions to reduce power consumption, complexity, and bill-of-material costs.
Today, SiRF Technology Holdings Inc. (SIRF) closed at $1.46 up $0.07 or 5.04 percent. Volume was 689,447 for a 3-month average volume of 1,569,450. The stock's 52-week spread is $0.79 to $26.95.
Xerium Technologies Inc. (XRM)
Small Cap Investor, Stock Tiger, and Knobias previously reported on Xerium Technologies Inc. (XRM) and today we are highlighting the Company, here at the QualityStocks Daily Newsletter.
Xerium Technologies, Inc. is a manufacturer and supplier of two kinds of consumable products used mainly in the production of paper. These products are clothing and roll covers. Clothing products are synthetic textile belts that transport paper through a papermaking machine during processing. Roll covers cover the large steel cylinders over which clothing is mounted and between which paper travels. Headquartered in Youngsville , North Carolina , Xerium is part of the Textile industry. Trading on the New York Stock Exchange (NYSE), they have a current market capitalization of $61.85 million.
Xerium's Clothing segment manufactures clothing products, which include forming fabrics, press felts, and dryer fabrics used on papermaking machines. This segment also manufactures clothing used in industrial applications including steel, plastics, leather, and textiles manufacturing. They also make auto-joining equipment for use in papermaking machines.
Xerium's Roll Cover segment manufactures, refurbishes, and replaces covers for working rolls. These include vacuum rolls, press rolls, calendar rolls, and coater rolls used on papermaking machines. The Roll Cover segment provides roll cover refurbishment services for previously installed roll covers. They also offer mechanical services for the internal mechanisms of rolls. In addition, they make and repair spreader rolls.
Founded in 1999, Xerium Technologies has 35 manufacturing facilities in 15 countries and roughly 3,700 employees. They market their products under the Huyck Wangner, Weavexx, Stowe Woodward, Mount Hope , and Robec brand names. They operate in North America, Europe, South America , and the Asia-Pacific region.
Last week, Xerium Technologies, reported results for their third quarter ended September 30, 2008. Net sales for the 2008 quarter were $159.3 million, a 3.7 percent increase from net sales for the 2007 quarter of $153.6 million. Net income increased to $21.5 million or $.46 per diluted share from $7.1 million or $.16 per diluted share. This increase is mainly the result of pre-tax curtailment/settlement gains.
Xerium Technologies Inc. (XRM) closed today's session at $1.26, which was up $0.13 or 11.50 percent. Volume today was 1,173,179 for a 3-month average volume of 399,451. The stocks 52-week spread is $0.91 to $8.41.
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The QualityStocks Company Corner
MyECheck (MYEC)
The QualityStocks Daily Newsletter would like to spotlight MyECheck Inc. (MYEC). Today MyECheck, Inc. closed trading at $1.95, which was down $0.22 or 10.14 percent. Their volume today was 1,600 shares. Their 3-month average volume is 13,466.20 shares. Their 52-week range is $0.92 to $4.00.
MyECheck Inc. announced that they signed an agreement with a Fortune 500 Real Estate Company. MyECheck Inc. will provide the company with their comprehensive suite of electronic check processing services.
MyECheck (MYEC) offers online merchants, call centers, billers, retail POS and RDC/back office applications an array of comprehensive Check 21 imaging, processing and related solutions. The company was created to meet the demand for an alternative payment solution to credit cards when buying products and services online.
The company has made great strides since its inception four years ago. MyEcheck has stayed committed to enhancing its offerings as well as launching brand new services, making it a leader in Check 21 solutions today. The company is known for offering the most comprehensive suite of electronic check processing services in the industry.
MyECheck differs from ACH by increasing capability with consumer accounts, expediting the clearing process, and providing exceptional charge-back protection. The regulations imposed by Check 21 law and Uniform Commercial Code (UCC state law) are more favorable to the recipient than those governing ACH transactions, allowing simplification, easier compliance and reduced costs. Disclaimer
MyECheck Blog
MyECheck News:
MyECheck Signs Agreement With Fortune 500 Company for Its Online Check Processing Service
MyECheck Inc. Signs California State Teachers' Retirement Fund (CalSTRS) to Its Check 21 Patented Software
Media Advisory: Paulson Investment's 31st Annual Westergaard Conference Showcases Emerging Small and Micro Cap Companies
Performance Health Technologies, Inc. (PFMH)
The QualityStocks Daily Newsletter would like to spotlight Performance Health Technologies Inc. (PFMH) Today Performance Health Technologies Inc. closed trading at $0.18, which was up $0.05 or 38.46 percent. Their volume today was 7,400 shares. Their 3-month average volume is 42,055.40 shares. Their 52-week range is $0.10 to $1.25.
Performance Health Technologies, Inc. is focused on developing and marketing performance evaluation and rehabilitation products that monitor and guide exercise while giving instantaneous motivational feedback. For nearly a decade, the company's computer and medical experts have innovatively combined advanced software and medical technology to create MotionTrack™, a versatile proprietary technology platform.
MotionTrack technology is the core of Performance Health Technologies' products and computer software. By creating inventive devices and technologies using MotionTrack, the company's mission is to transform the way individuals exercise, train, and rehab from injuries, giving users more efficient and controlled therapy, injury recovery, and personal training and fitness.
Performance Health Technologies products have been tested, accepted, and endorsed by leaders in the medical, rehabilitation and athletic communities. The company's SportsRAC® Shoulder, Knee and Forearm systems have been placed in physical therapy clinics and university athletic departments throughout the United States and Canada, while its Core:Tx® technology has gained interest from a variety of fields including orthopedic surgeons and neurologists, occupational and physical therapists, as well as speech pathologists.
The company's team of professionals is always innovating to create new technologies that will maintain their cutting-edge position in the rehabilitation, fitness, and home care markets. In future products, Performance Health Technologies plans to introduce internet enabled software and hardware systems that provide users with even more flexibility, whether rehabbing from an injury or condition, or building strength and coordination. Disclaimer
Performance Health Technologies, Inc. Blog
Performance Health Technologies, Inc. News:
Performance Health Technologies Garners Additional Media Coverage, Including Scientific American's News Blog
Performance Health Technologies Appoints Tommy J. Harris to Board of Directors
Performance Health Technologies Participates in Interactive Metronome Sales Conference to Launch "Movement," a Sales and Marketing Initiative
eDOORWAYS Corporation (EDWY)
The QualityStocks Daily Newsletter would like to spotlight eDOORWAYS Corporation (EDWY) Today, eDOORWAYS Corp. closed trading at $0.0050, which was up $0.0010 or 25.00 percent from yesterday's close. Their volume today was 100,000 shares for a 3-month average volume of 115,095 shares. Their 52-week range is $0.01 to $7.00.
eDOORWAYS Corp. is committed to solving lifestyle problems for consumers while driving traffic to suppliers and service providers who offer innovative merchandise and solutions. The company has the potential to completely change the future landscape of business by offering a unique and comprehensive service that saves consumers valuable time and money. By uniting a consumer with the larger global consumer community, retailers, and manufacturers in an effective new way, eDOORWAYS promotes “dynamic” commerce, as opposed to the static model currently in existence.
The Company plans to capitalize on several emerging new trends. These newly created opportunities include: the large success of Web 2.0 Internet community service offerings such as MySpace, the movement towards niche marketing and targeted advertising, the introduction of new technologies that enable instantaneous, online presentation of information, and the rising consumer preference for using the Internet to gain information before making purchasing decisions.
eDOORWAYS plans to introduce local services using a city-by-city strategy that will minimize capital requirements, reduce staffing requirements, and optimize generated revenues. Ten major cities are targeted for launch in the first year. Advertising, PR campaigns and viral word-of-mouth will be used to give a public presentation to experts as well as educate the market.
The key benefits offered to consumers include a higher level of engagement with vendors, trusted information from other consumers, and superior customer service. Revenues will be generated through advertising placement fees, premium services, preferential placement fees, and a percentage of sales transactions. eDOORWAYS' progressive vision and professional management team makes it an attractive investment opportunity. Disclaimer
Vortex Resources Corporation (VTEX)
The QualityStocks Daily Newsletter would like to spotlight Vortex Resources Corporation (VTEX) Today Vortex Resources Corporation closed trading at $0.46, which was up $0.07 or 17.95 percent. Their volume today was 767,513 shares. Their 3-month average volume is 91,144.60 shares. Their 52-week range is $0.32 to $2.00.
Trading on the OTCBB, Vortex Resources Corporation is an emerging natural resources company. Their focus is on the acquisition, exploration, development, and production of oil, natural gas, and minerals. With current operations in West Texas, the Company's objective is to find, acquire, and develop natural resources at the lowest cost possible. They then look to recycle their cash flows into new projects that yield high returns with controlled risk.
Vortex Resources Corporation has their corporate headquarters in Beverly Hills, California. They are currently active in Crockett County, Texas. They are proceeding there with their 180-well infill-drilling program in Adams-Baggett field to produce natural gas from Wolfcamp Canyon Sandstone reservoir. The drilling program will also target deeper Canyon Sandstone, Strawn, and Ellenburger sites.
Vortex's mineral interests consist of a chromium mineral lease in southern Turkey. The estimated apparent reserves in this location are 135,000 tons with an equal amount of probable reserves. Chromium is an essential ingredient of stainless steel, and Vortex is working on development plans for the exploitation of these chromium deposits.
The company is committed to minimizing costs by carefully controlling operating expenses as well as overhead expenses. After Vortex's existing properties reach a self sustaining basis, the company plans to secure additional petroleum projects in prolific basins around the world. Disclaimer
Vortex Resources Corporation Blog
Vortex Resources Corporation News:
Vortex Resources Corp. (VTEX) Exercises Option on Fifth Well Following 100% Success Rate on Initial Drilling Program
Vortex Resources Corp. Updates Its Drilling Activities
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