“Stranded resources are of no value to anybody.”“Stranded resources are of no value to anybody.”
And that's why existing POU share holders want to buy it. This Syke guy is speaking both side of his mouth. I like to see how he is compensate with the sale of MGX to POU. Dirty Wolf of Baystreet game.
Recent presentation: https://www.mgmenergy.com/upload/media_element/119/02/petersco-2013-energy-conference.pdf
Why MGM Energy …
• Exposure to Shale Oil Play:
MGM Energy has a meaningful land position in
emerging shale oil play in Central Mackenzie Valley
• Asset Focus:
MGM Energy represents only substantial “pure-play” on Canol
shale oil play and Northern gas
• Significant Resource Base:
778 Bcf net contingent + prospective resources
plus substantial resource upside
• Multiple assets in both Shale Oil Play and Northern Gas:
MGM Energy
has interest in four exploration licences in Canol shale oil play and three
developable natural gas fields, providing the ability to sell, trade or J/V assets
in the future to concentrate development and limit amount of cash required to
develop assets
• Experienced People:
A team of dedicated professionals with significant
Northern and frontier experience focused on the North
And now they want to give up.