MGM Energy Corp MGMCF

RE: Shell?

[bypp]

I agree with your comments in regards to Husky, they are incredibly tight-lipped. However, I believe it's fairly simple to get their thoughts on the canol. They have so much faith in the potential of the canol play that they've gone to the headaches and expenses of creating an all-weather road, even though nobody had ever gotten approval for a horizontal.

I think now that CPC has essentially gotten approval, we will see Husky fall into place right behind and get approval for a few horizontals as well. They will be far beyond all the other players in regards to progress because of their all season road!

With regards to Shell and MGM, while I'll admit I'm not overly familiar with their agreements, I wouldn't expect it's unreasonable to believe that Shell and MGM would pair up again to re-try their same horizontal application from before. By that point in time, it's likely that both CPC and Husky will have basically laid out the blueprints for them as far as what it takes to ease the concerns of the public and win approval.