MGM Energy Corp MGMCF

RE:RE:RE:RE:will a new JV deal will be better than the last deal???

[shambano1]

if they can sign a good deal then I think they will quickly regain creditiblity.

the key are the terms, more cash for drilling and less JV interest than the last deal with Shell.

MGM management are experienced and well connected so they know this game and although the first deal was OK, then next deal has to be better, so more cash for less interest, and then we are off to the races.

I don't think waiting 2014 out will hurt them in the longer run, certainly it has hurt short term minded investors who expected big numbers from the canol well but I know they will sign a deal and drill winter 2014/2015 and I think they will drill 2 wells.

Don't forget they have more than 1 parcel fo land and nothing says they can't sig more than 1 JV deal?

if management can't pull off a good deal with all of the activity that has started then I would consider getting out myself and cutting my loses.

The Riddell factor wil no longer be worth anything, we need a good deal.

DYODD