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 December 5, 2008. Once these two wells are completed, the company will make plans to begin drilling on the fifth well.

Yossi Attia, CEO of Vortex, stated, “We are very excited about the direction we are headed with Vortex Resources. The new President-Elect has

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Caxton AssociateseCaxton Associates Hedge Fund HoldingsThis post is being written as part of HedgeFundBlogger.com's Investment Securities Tool which analyzes the holdings of hedge fund managers.Up next in the macro hedge fund tracking series we have Caxton Associates, ran by Bruce Kovner. Taken from Wikipedia, Kovner's bio is as follows: "Kovner's first trade was for $3,000, borrowed against his MasterCard, in soybean futures contracts. Realizing growth to $40,000, he then watched the contract drop to $23,000 before selling. He later claimed that this first, nerve-racking trade taught him the importance of hedge fund risk management. In his eventual role as a trader under the legendary Michael Marcus at Commodities Corporation (now part of Goldman Sachs), ...

Striker Oil & Gas (SOIS) develops, explores and acquires crude oil and natural gas reserves, operating along the Gulf Coast of Texas and Louisiana, as well as in East Texas and Mississippi. It is speculated that Striker has potential oil and gas reserves of $400 million in Texas and Louisiana. That equates to 32.5 billion cubic feet of natural gas and 973,000 barrels of crude oil. Striker also recently an agreement with Indonesia’s GEO Corporation to find oil offshore of the Asian country.

Texas-based Striker Oil & Gas was founded in 2004 and is already producing oil, a rarity among newly found energy companies. Striker’s revenue performance since inception is staggering with a one-year growth of more than 232 percent and three-year growth of almost 1200 percent. The company is forecasting 2008 revenue of $5 million.

Striker uses revolutionary technology to find new oil reserves, including sophisticated satellites that orbit

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Will the Hunts buy silver again after selling Hunt Petroleum?

This week XTO Energy finally agreed to buy Hunt Petroleum for $4.2 billion after a long legal tussle between Hunt family heirs. The firm was founded by the late billionaire HL Hunt whose sons Nelson Bunker Hunt and William Herbert Hunt once cornered the world silver market in the 1970s.

Hunt is a privately held company which makes no public comment on its affairs. But commentators think the Hunts are calling the top of the oil market and that the price for Hunt Petroleum suggests a quick deal was the objective.

However, market watchers are bound to wonder if the Hunts are planning to re-enter the silver market which they so dramatically dominated in the 1970s. It was in 1973 that the family first decided to buy precious metals to …