RE: Deethree guidance vs MQL guidance DTX is good comparison of where MQL can go quickly with good drill results, but much of that big run for DTX is from the help of Keith Schaefer and his Oil and Gas Bullentins. His purchase in early January and mention in his bullentin ran it from $2.30 to $2.90 and then a subsequent additional mention in early February drove it from $3.30 to now near $4. You are right that DTX is about 6 months ahead of MQL in drilling production but also has slightly different assets and inventory. The recent results from Belly River are very strong for DTX. I own both DTX and MQL and with DTX now at near $4 much more upside for MQL I believe.
Maybe better current comparisons might be with Vero or TriOil which are both Cardium plays and both have about the same float of shares as MQL but trade around $3 even though the current production and forecast 2012 guidance is nearly identical to MQL. Vero has dumped all its gas inventory and TOL has better oil weighting but the inventory of MQL oil inventory should provide a market cap today at least comparable to these in the $120-$150MM range or $2.85 -$3.50 right now and then potential to go higher this year as good drill results come in based just on the Cardium, with so much additional value from MQL other assets not even considered.
The recent land acquistion by MEL for 11 net Cardium locations for $37,500,000 is good pricing indicator in the market to show the value potential for MQL Cardium locations.
Patience and a little time for MQL to drill and get the word out that this is not a nat gas driller.
I've emailed Keith Schaefer on MQL given his interest in DTX and if he gets in on MQL you will know very quickly as MQL will be over $2 in a matter of minutes because his bullentins have that much impact on small drillers. Otherwise wait for the drill results to keep coming and it will get there soon enough.