MGM Energy Corp MGMCF

RE:RE:RE:Husky's other play

[shambano1]

I thik we will get an offer for the whole company because those NG lands are very valuable when a pipeline is built and it will be built, it's a just a question of time and maybe which pipeline is the other question.

these large reserves are ideal for supplying NG to make LNG, a few big wells producing 200-300 mmcf/d.

The Canol is a wild card and this play will get more advanced in the enxt 2-3 years, and it's too bad our partners don't want to spend money but like I pointed out before all big oil companies are cutting back and focusing their capital.

so POU is proposssing to buy the whole company which basicially is saying we don't want to but we will at this low price unless another offer comes along.

why propess it and not make a formal offer?

why spend money on brokers and financial analysts when you really want an outside buyer in the first place?

the POU PUT is just a way to protect MGX SP  abd get the ball going.

hoepfully we will get a better offer soon, otherwise will become part of POU.  

POU might not be big enough to play in sand box but they can maintain the leases until things change and they get value for these assets.  POU is big enough to play in the NG sand box but maybe not the canol sand box and I'm sure they can find a buyer for the shale oil assets especially as the play devleops over the next 2-3 years.

I'm long and biased so DYODD