MXC - Sector: Energy --- Industry: Oil & Gas Operations

[setravis]

Profile:  


Mexco Energy Corp.
214 West Texas Avenue
Suite 1101
Midland, TX 79701
United States - Map
Phone: 432-682-1119

DETAILS  
Index Membership: N/A
Sector: Basic Materials
Industry: Independent Oil & Gas
Full Time Employees: 2


BUSINESS SUMMARY  
Mexco Energy Corporation, together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in the United States. It explores for and develops natural gas, crude oil, and condensate and natural gas liquids primarily in west Texas. As of March 31, 2007, it had proved reserves of approximately 6.905 billion cubic feet of natural gas; and approximately 220,000 barrels of oil and natural gas liquids. The company also holds interests in Viejos Gas Field properties that consists of approximately 2,583 gross acres, 156 net acres, 18 gross wells, and 1.27 net wells in Pecos County, Texas; Gomez Gas Field properties, which consists of approximately 13,847 gross acres, 73 net acres, 24 gross wells, and 11 net wells in Pecos County, Texas; El Cinco Gas Field properties that includes approximately 1,006 gross acres, 766 net acres, 7 gross producing wells, and 5.325 net wells in Pecos County, Texas. In addition, it also holds interests in and operates 14 producing wells and 1 shut-in well, as well as owns partial interests in an additional 2,094 producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Arkansas, Wyoming, Kansas, Colorado, Montana, and North Dakota. Mexco was founded in 1972. The company was formerly known as Miller Oil Company and changed its name to Mexco Energy Corporation in 1980. Mexco Energy Corporation is based in Midland, Texas.

[setravis]

Low floater...
Oil prices have soared so naturally this one perked up.
It would have been useful to have an alert back in Feb.
All I know is its the #1 gainer this year.
PDO, SSN, FPP all exploding because of Oil prices !

Refer to this post...
Re: One-Stop Shopping (setravis)
2008 Best Performing Stocks.......
http://www.3stocksonfire.org/trading/index.php?topic=7100.msg115711#new

52wk Range: 3.40 - 55.70
Volume: 555,244
Avg Vol (3m): 58,885.9
Market Cap: 71.95M
P/E (ttm): 169.21
EPS (ttm): 0.24

Technicals
Percentage Gainer
Price Gainer
RS Rating: 99

Fundamentals
Key Data:
Market Cap (M): $16.45 
P/E Ratio: 27.91 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral

[setravis]

Press Release Source: Mexco Energy Corporation


Mexco Energy Corporation Announces Exploration and Development Results
Friday May 23, 11:47 am ET


MIDLAND, Texas, May 23 /PRNewswire-FirstCall/ -- Mexco Energy Corporation (Amex: MXC - News) today announced the results of further tests of a well in Loving County, Texas.


Mexco Energy Corporation acted as operator of a discovery well drilled to a depth of approximately 6,680 feet in the Cherry Canyon producing interval in Loving County, Texas. Based on a four point test by an independent testing firm, this well was calculated to produce at an absolute open flow rate of 12,773,000 cubic feet of natural gas per day. Mexco's working interest in this well is 31.25% (net revenue interest of 22.94%).

During this four hour test the well actually produced 1,366,000 cubic feet of natural gas, 26 barrels of 63 gravity condensate and 12 barrels of water on chokes ranging from 11/64 to 15/64 inches. Previously the well had been shut in for a period in excess of 72 hours. The rates at which this will be produced and sold have not yet been determined and may be substantially different from these potential tests, based on regulatory and engineering considerations as well as performance of the well over longer periods of time.

Mexco Energy Corporation, a Colorado corporation, is an independent oil and gas company located in Midland, Texas engaged in the acquisition, exploration and development of oil and gas properties.

FORWARD-LOOKING STATEMENTS

Except for historical information, statements made in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on assumptions and estimates that management believes are reasonable based on currently available information; however, management's assumptions and the Company's future performance are subject to a wide range of business risks and uncertainties, and there is no assurance that these goals and projections can or will be met. Actual events or results may differ materially from the forward-looking statements.

Estimates of potential typically do not take into account all the risks of drilling and completion nor do they take into account the fact that hydrocarbon volumes are never 100% recoverable. Such estimates are part of the complex process of trying to measure and evaluate risk and reward in an uncertain industry.

Any number of factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, production variance from expectations, volatility of oil and gas prices, the need to develop and replace reserves, the substantial capital expenditures required to fund operations, exploration risks, uncertainties about estimates of reserves, competition, government regulation, costs and results of drilling new projects, equipment availability, or other things that are associated with oil and gas production or may be beyond the control of the Company. Operations that are anticipated, planned or scheduled may be changed, delayed, take longer than expected, fail to accomplish intended results, or not take place at all. These risks and uncertainties are described in the Company's annual report on Form 10-K filed with the Securities and Exchange Commission ("SEC").




--------------------------------------------------------------------------------
Source: Mexco Energy Corporation

[setravis]

Nice looking bounce of the 50% Fib retrace...
Has a pretty low float.

Also small-cap percentage gainers.
Shares of oil exploration and production company Mexco Energy Corp. (AMEX:MXC) also saw upside, spiking 19.4% midday, as the oil and gas sector continued to reign as one of the only sectors in the green midday.


52wk Range: 3.40 - 55.70
Volume: 246,527
Avg Vol (3m): 78,831.2
Market Cap: 69.84M
P/E (ttm): 164.26
EPS (ttm): 0.24
Div & Yield: N/A (N/A)

Technicals
Percentage Gainer
Price Gainer

Last Price Quote is:
inf%above 13-day MA
inf%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $16.45 
P/E Ratio: 27.91 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Neutral