Such tini tiny volume today. what does this mean. Everyone who wants out is out ? but all who want in are waiting for lower,finger shaking, poised over the buy button ,i would like to wish !. I,m sure wiser and more seasoned players know whats going on ??
Obligation to others Must get back to work tomorrow but always sifting for new-old data. Things have moved on since October 2009. The purpose of inspecting dated information was to ascertain extent of Woodford interests and their location.
With the Woodford lying below the Mississippi Lime across much of our 5000 plus net mineral acres in Oklahoma, the positive implications for Magnolia's future net reserves growth, as more horizontal wells are drilled to the Woodford, are clear.
So hang on a minute. In sum, MAGP - with increased acreage across the Woodford zone - is in a stronger position than it has ever been. No wonder the BoD are unfazed by current market sentiment.
Also, I went through the Enerlex thread: There have been two remarks on SOS/RFW no longer being "spring chickens". That is a complete nonsense. At 72, I have the same energy of years ago. Both the above are 61 or under. Coupled with which the Enerlex office is managed by Mark Snead - a good support when needed.
All for re-investment minus the usual expenses of course, and the new production from Parmley added on.
There are 12 Devon Energy participations on going with interest of 4.1% and one of 7.5% NRI so much money coming from Devon Energy, one very committed and respected company at the moment, who are doing all the right things.
A lot of activity continues in the US oil business. http://www.bloomberg.com/news/2014-05-16/midstates-petroleum-said-to-explore-possible-sale-with-banks-1-.html I have no idea if MAGP want to react to SP flatulence. Offhand, it looks as though management is content to retain status quo and press on with good accounting practice. There is no quarrel with that policy. Who wants to see a $1.7m debt burden like MPO ! At least one source reckons Woodford reserves will more than compensate for the Missi Lime lead balloon insofar as MAGP is concerned. NRIs continue to climb at a rate that comfortably corresponds with increasing revenue and the finance facility parcel. My situation is different to others, so there is no point in imposing coactus sententiam. There will be developments here. I don't know when.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.