So balance of the 2014 drilling campaign in progress or yet to report only 2 under the 1.5% NRI
Rothermel 5MH Devon Energy Marion 1-22HW Devon Energy Marion 1-26 HW Devon Energy Marion 1-27HW Devon Energy Peters 1-28H Redfork Jimmy 1-28H Redfork Dunn 1-5 vertical Gregg Hall Moe Jerome 1WH Chaparral Bowen 1-30 vertical 29-7N-4E Basis NIGHSWONGER FARMS 2 -13 or 14 Sandridge Energy Edwards details Devon Energy Van Meadows 1H DoradoE&P B&W1-24 B&W Woodrell 1-5Vert ???? Gregg Hall oil and gas
Welcome new fella lots to go at mate yesterday's RNS is one of many positive ones this BOD regularly deliver MAGP will blow a gasket at some point in the future if she keeps going like this.
We are gradually increasing our % participations in drilling and re-investing the proceeds into more land and creating a continuous circle to enlarge the company by turnover and assets ready for sale. There will be a time when the support does not return to 1p and will be a lot higher who knows but the value of MAGP is a lot more than reflected in the SP at this time. Good advice from Carlisle.
Carlisle, a canny guy indeed I started out very canny with mostly income and acc funds which give a monthly income which has been dribbled into 6 AIM shares for various reasons with potential upside.
Elin feeling very confident good stuff keep those engines in good order lol
Drew / Daggers / Reallyrich good to see you all in of course we could wait for a while for the answer as pointed out
Rich3R great job keeping it together I think we demolished the 20 day thingy a couple of times as you hoped.
New to the BB but have been watching MAGP for some time, quite like what I see so looking to start buying in. What is coming up in the next 3 to 6 months and why should I buy in now rather than wait for this to move back towards what looks to be its base price of 1p?
Apologies for the late reply to your post as I'm not getting much time to read the boards at the moment.
The Company keeps on delivering against its strategy with excellent initial IPRs calculated on a 10 day average. I'm continuing to buy when I can because I see real future upside value so I'm not concerned about the current Market Cap.
I guess that having a longer term view is easier on the blood pressure. I used to day trade but I found it took over my life so now I prefer to invest in great companies with credible growth potential which is why I like MAGP; it is my only AIM stock.
I had a similar approach with GWP and bought them over a 10 year period knowing that one day their value would be delivered. BTW I no longer have an interest in GWP.
Just an observation that I noted sometime ago and posted about was when i was looking at oil production for the jakes was that in some months some of the wells were only producing for 6 days or 11 days or 13 days. So if when getting the info for the CPR report they pick a time when the wells were not producing then this would give a very low boepd figure.
I was very surprised by this and if anyone has any Thoughts about this please feel free to comment
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