Published: December 15, 2004
Market Pulse Breaking News Alert for Wednesday, December 15, 2004: XCHC -- The X-Change Corporation Acquires 2,000 Gross Acres in the Pleasant Ridge (Woodbine) Field in Leon County, Texas With Estimated Oil in Place of 40 Million Barrels!
Market Pulse News Alert for this AM, Stocks to
Watch are: The X-Change Corporation , Veritas
Software Corp. , Beacon Power Corp. ,
and Electronics Arts Inc. .
Investors need to be watching the X-Change Corporation this
AM! The X-Change Corp. is a company that was organized to seek merger or
acquisition candidates. The company intends to acquire interests in oil and
gas opportunities that the company believes will generate significant
revenues and return a profit to shareholders. Through acquisition and
internal growth, the company is targeting revenue of $10 million by end of
2nd year and $100 million by end of year 5! XCHC had great news out before
today's opening bell regarding a potential acquisition! Investors should
be watching this one closely!
The X-Change Corporation announced today that it has signed
a Letter of Intent, subject to due diligence, to acquire 2,000 gross acres
in the Pleasant Ridge (Woodbine) Field for cash and multi-well drilling
commitment. Estimated oil in place from the Woodbine formation only is 40
Million Barrels. The acquisition is scheduled to close on January, 2005.
The project is very low risk with 28 of 30 successful Woodbine completions
previously drilled. The drill sites also have upside potential of 1 BCF
per well in the Sub-Clarksville formation uphole. Based on current spacing
regulations, the project could have 50 additional wells to be drilled.
About the X-Change Corporation
The X-Change Corporation is a company that was organized to seek merger or
acquisition candidates. The company intends to acquire interests in oil and
gas opportunities that the company believes will generate significant
revenues and return a profit to shareholders. Please visit
http://www.xchangecorp.com/ for further information.
Stocks acting well as of late include: Veritas Software Corp. , Beacon Power Corp. , and Electronics
Arts Inc. .
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trading shares of common stock, available for public trading as follows:
The X-Change Corporation compensation from a third party: two hundred
thousand free trading shares of stock in The X-Change Corporation, already
delivered from a third party. An additional three hundred and fifty
thousand shares are pending from a third party. To date, MP has sold one
hundred fifteen thousand shares of stock in The
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