RE: RE: RE: RE: Difference between conventional an MGM's NG is conventional and their oil is shale. If the oil is proven with more drilling and results from Husky as well as Shell's farm-in well, the canol oil play could be as big or bigger than the baken just based on land size.
The beauty of shale is that it's pretty consistant over a large land acreage and that means lots and lots of oil.
I don't think MGM's potential has really been reported in the media and the buyers today are either knowledgebale O&G investors or broker types, the general retail investor has no clue how much reward PMT has if they are successful with their 2 oil wells in 2013.
I would think that Shell will drill a second well in a hurry if the first hitsd pay dirt, it's much cheaper to drill 2 wells versus one in one single season but I'm not sure it'f the window exists?
either way, once the shale oil is proven it will be a question of land size and oil resoruce size that will determine the future reserves which will affect future SP.
Base don risk/reward MGM is one of the best plays in the penny stock universe IMHO.
DYODD