Vortex Resources Corporation (VTEX.OB) is “One to Watch”
Source: http://Blog.QualityStocks.net/?p=13151Posted on Tuesday, October 28th, 2008 | In Small & Micro Cap
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.
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Beverly Hills, California, Crockett County, Natural Gas, Oil, Small & Micro Cap, Stainless Steel, Texas, Turkey, Vortex Resources Corporation
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