Hi Baks - selfishly speaking, to keep drifting for another week to 10 days would suit me fine so that I can replenish the Golden Eggs sold at beginning of August before the announcement - Grrrr! Was trying to offset 28% but it has risen 55% since so that was a poor error of judgement! Still, placed the funds into some more OXS whilst I was waiting which, if favourable announcement comes in the meantime, will more than offset this situation and allow me to become a 'notifiable' shareholder in MAGP - although getting to 27.3m shares (3%) might be a struggle even for the most committed of MAGP investor!!
The "travellers", inevitably, are in the process of moving on. So far this morning it has drawn in ~ 850k, including ISDX. That suits me fine. The test now is to see if we more or less maintain current SP level until the next batch of news.
Have deviated into another study of the Woodford, mainly to brush up on engineering and technicals.
Continuing to learn stuff that was beyond me a couple of years back. One important aspect is to determine ambient temperatures at varying depths in OK as they are a factor in yields. It was a surprise to learn that the temperature at minus 10000 ft around Watford City, the deepest part of the Bakken shale, reaches 300F (148C) . . . whereas past papers have always shown an average 45C. Admittedly, Watford is one of the sweetest spots in ND.
Robsky - That information you put up last night leaves me wondering if the lease records are accurate.
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