OTCPK:MAUXF - Post by User
Comment by
CalifDreamingon Apr 17, 2008 5:13pm
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Post# 14982912
RE: Great Expectations
RE: Great ExpectationsIt's hard to say how the reserve numbers will be affected. I think they found a lot better productivity than expected, but they missed with their first hole what was supposedly drilled using 3D seismic. Field size could be deemed to be smaller, but recoveries higher. Without a lot more data, investors are hard pressed to figure out what will happen.
And ultimate reserves will also depend on the test results of the 11 other zones they haven't tested yet in the upcoming twin well.
I can't believe we see sellers at this time. $112 Brent and imminent production and nitwits are selling? Talk about chit for brains. One would think they'd have enough brains to wait until they announce news and sell into strength for goodness sakes.