MGM Energy Corp MGMCF

Question to experienced

[SmallBet]

MGM has Potential of giving up 75% of EL466 based on results.  Since we are very jr, isn't this alot to give up, considering the huge potential?

[farml1234]

you could say that but look at the bright side , shell is putting up the $$$$ that MGM does not have

[SmallBet]

Understood and agreed, so my next question then is;  if we then own 25%, how much potential of a return do we really have?  unless there are more wells do be done on 466 other than the initial 2?

[glacierman]

The big question is will EL466 touch on the sweet spot.     Husky and Conoco Philips seem to think that the "OIL pocket" is restricted to a very narrow corridor (hence their lofty bids).     Are there any geo types out there who can comment on why the Canol shale would have a sweet spot?    I suspect that MGM other leases

[farml1234]

maybe you should do a little DD on the utica shale down here in the USA good news is my farm is sitting very good area