MGM Energy Corp MGMCF

My take on this

[Gilspeare1]

Husky Oil is not interested in any partner on this play, they have paid top price for their position. When you consider they want to build roads you know they have found something that they are interested in pursing. Question is does MGM have a piece of the field.  I bought MGM for their gas in the MacKenzie River Valley.  They have that asset which the market does not value because there is no access to a market.  In the back of my mind is the comment that MGM will explore options with or without a pipeline.  Could LNG be an option there in the future ?. And then they come up with this play, pure genius I think but it will all depend on the drilling result. Am i correct in thinking that the well is on the west side of the MGM prospect ?. I think the fact that both Shell and MGM is not interested at this time to pursue a horizontal well is to do with the current regulations. Maybe that gives us a limit marker to what this play is worth. I still love the whole story. I also really appreciate some of you posters who know the patch so much better that I.

 

Seismic 100