RE: RE: No MGX wells in CMV for winter of 2012 there is no reason for Husky to keep these results tight once they finish testing the wells. I don't think they are planning any fracing this winter but at some point they will test frac them to see if the oil will flow.
Most of the oil prone land has been locked by so there is no reason to keep information tight and at soem point they will share with other operators in the area.
But I agree if we see a large devleopment program next winter, we ar good to go and MGM will start trading with a litel bit of speculation associated with us because right now with zero prospects for NG pipeline and NG development any time soon, we need this shale oil to survive and prosper.
It's hard to put a figure on how much oil is under MGM land, but it can be signifcant and with spare capacity on the pipeline, MGM canb ship oil to southern markets and make a nice profit.
But I wish I knew if MGM has 1000 boe/d or 100,000 boe/d potential and then I could risk a little more on a mirco junior O&G company. sure it might take 2-3 years to get into produciton but once we do, it's CF baby lots of CF.
DYODD and GL