Vortex Resources Corp. VTEX Archives

ThursdayNov 20, 2008 1:48 pm

Vortex Resources Corp. (VTEX.OB) Announces Share Repurchase Plan

Vortex Resources today announced that it is adopting a share repurchase program. The Company’s Board of Directors decided on the program in light of the depressed value of Vortex’s market price. According to the press release, the program was designated to repurchase, at management’s discretion, up to 10,000,000 shares of common stock in the open market through December 31, 2009. The company stated that the repurchases will be made using cash resources and will be in accordance with Rule 10b-18 under the Securities Exchange Act of 1934 and other applicable laws, rules and regulations. Let us hear your thoughts: Vortex…

WednesdayNov 19, 2008 9:42 am

Vortex Resources Corp. (VTEX.OB) Announces Successful Drilling and Engagement of Barnett-Shale Expert

Vortex Resources Corp. announced this morning that it has retained the services of Trenergy Development LLC to assist the company’s development plans in West Texas as well as assess its options in the extensive Barnett Shale property where it is currently conducting due diligence. Mr. Jason Lacewell, the principal of Trenergy, has extensive expertise in field development, with a particular interest in the Barnett shale. Trenergy has more than a decade of supervisory experience in petroleum production, completions, drilling and field operations, and brings a wealth of knowledge to Vortex. Mr. Lacewell has had a successful career with Pacesetter Energy,…

MondayNov 17, 2008 5:53 am

Following 100% Success Rate on Initial Drilling Program, Vortex Resources Corp. (VTEX.OB) Exercises Option on Fifth Well

Today before the bell, Vortex Resources Corp. announced that it is exercising the option to drill its fifth well in Adams-Baggett Field in Crockett County, Texas. The decision to move forward and drill a fifth natural gas well was made after the successful drilling of three wells in the Adams-Baggett area. Results from the fourth well have not been received as of this time. As reported last week in a press release, two natural gas wells were successfully drilled and completed frac treatment on October 27, 2008. The third and fourth wells are expected to reach completion on or about…

ThursdayNov 13, 2008 2:55 pm

Vortex Resources Corp. (VTEX.OB) Updates Shareholders on Drilling Activities

Today, Vortex Resources Corp. released an update concerning its drilling operations in Crocket County, TX. So far the company has drilled three successful natural gas wells. All three of these wells (42-105-40868, 42-105-40820 and 42-105-40720) are located in the Adams-Baggett Field and will be producing from the Wolfcamp Canyon Sandstone reservoir. Vortex Resources utilized the services of Weatherford in fracing and competing Well 42-105-40868 and Well 42-105-40820. Well 42-105-40868 was drilled to 4,708 feet and was successfully completed after frac treatment on October 27, 2008. Well 42-105-40820 was drilled to 4,672 feet and was successfully completed after frac treatment on…

TuesdayNov 11, 2008 9:13 am

Vortex Resources Corporation (VTEX.OB) Showcases a Strong Management Team

Vortex Resources Corp is a publicly traded independent emerging natural resources company. The company's focus is on the acquisition, exploration, development and production of oil, natural gas and minerals. Recently, the young company has been making a name for themselves in Crockett County, Texas where they own the rights to drill 180 wells in the Adams-Baggett field. Vortex estimates that each well contains 500 million cubic feet of natural gas reserves, which will allow them to rise quickly in the natural resource industry. One of the reasons for the company’s success is their dynamic management team which is led by…

TuesdayOct 28, 2008 12:49 pm

Vortex Resources Corporation (VTEX.OB) is “One to Watch”

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…

FridaySep 05, 2008 8:14 am

Vortex Resources Corp. (VTEX.OB) Signs Agreement Letter, Bartlett Gas Acreage said to Support 108- One Billion Cubic Feet Wells

Gone are the old days of oil and gas exploration, when a driller could stake a claim and drill a hole, hoping to hit a gusher. Today’s oil and gas marketplace is a bit different, with paperwork and lawyers being the first step in any drill program. Unfortunately, a company needs to have a certain finesse with this paperwork if it expects to bring in a gusher. If a company can be found that has skill and luck on both sides of the oil and gas exploration game (paper & drilling), profits may well gush for all. Vortex Resources Corp.,…

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