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Bullboard - Stock Discussion Forum MGM Energy Corp MGMCF

GREY:MGMCF - Post Discussion

MGM Energy Corp > Hey me thinks someone playing games
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Post by farml1234 on Jun 25, 2012 10:40am

Hey me thinks someone playing games

First the company says we need a partner and now we find out the company has filled a app for fracing the well! Who the heck they trying to fool!
Comment by shambano1 on Jun 25, 2012 11:09am
I'm no sure I understand your point?  does a facing application force the company to drill a well? if you apply and get approval, there must be a period of time that you can apply that to? my understanding is the company is looking for a JV partner and they will not drill without a partner. now that said, POU would be the liekly candidate since they already own 25% of the shares and I' ...more  
Comment by farml1234 on Jun 25, 2012 11:32am
shambano1 I wonder what the people in the Norman wells are use for a heat , NG or Propane ? Propane would be great as that would mean a supple line would already be in the area
Comment by farml1234 on Jun 25, 2012 12:19pm
shambano1 Re:::POU would be the liekly candidate since they already own 25% of the shares and I'm sure they would want a piece of any big find and just not an equity interest in MGM, but that's only a theory.   I disagree with your statment , POU owns about 25% so they would make a mint on any big SH increase but it would be a big short term gain. But i also see your point the shale ...more  
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