JAG Mines Ltd V.JML.H

J.A.G. Mines LTD. Is a Canada-based engaged in the exploration and development of mining projects. The Company's projects are located in the province of Quebec. The Company is also engaged in natural gas and petroleum exploration. The Company holds mineral rights to approximately four properties located in Quebec and covering approximately 4,080 hectares. The Company's Belleterre property covers an area of approximately 1,290 hectares. It is located in the municipality of Belleterre (Guillet Township) in Temiscamingue. Its Malartic property has approximately 20 mining claims and covers approximately 720 hectares. The property is located in the Abitibi region. The Seigneurie de Beauharnois (Ste-Clotilde) property is made of approximately 20 claims and covers approximately 920 hectares. Its St. Robert project covers an area of approximately 1,156 hectares. Its petroleum projects include Temiscouata property, Lac St-Jean property and Pohenegamook property.

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JAG Mines Ltd

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Post by tegritymanon Jun 18, 2008 11:37am

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Post# 15198591

Nat Gas versus oil price

Light Crude (NYM)
July 08 ($US per bbl.) 133.65 -0.36 134.35 133.55 134.01 6/18 10:37am

Natural Gas (NYM)
August 08 ($US per mmbtu.) 13.06 +0.02 13.06 12.96 13.06 6/17 2:28pm

I'm watching the overall trend and that + / - looks great for Nat G. Some are saying that the commodity aspect of oil will pop and we'll have a steep drop on the price ( 'course Morgan Stanley, who just reported lower profits btw, is saying 150$ ). If that happens, maybe N/G won't be affected as much as it has been. That would reinforce the break in the two concerning price direction.

Mostly my thoughts. The next couple of months will show what the truth will be.

JML - long, strong and 02c / mmbtu more profitable just now!

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