GREY:MGMCF - Post by User
Post by
ozGoldbullon Feb 21, 2013 5:23pm
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Post# 21025234
Norman Wells
Norman Wells I am catching up on the history hear. It seems the company has come along way since 2011 loss of $160 Million and 2012 looks like a loss under $10 Million aprox. Now with a potential new well in Norman Wells this could really heat up. My research shows that the existing Norman Wells field is supposed to decline after 2020. I have also learned that Norman Wells is aprox 23% of Canadian oil production. The enbridge line is already in place and appears to have capacity for a new player. This player could be MGM with the Canol shale. Any long term targets? the chart seems to show the first life in 6 years.
OGB