MGM Energy Corp MGMCF

Application for a Declaration of Significant Discovery

[bypp]

MGM filing posted to NEB site today...link below.

https://www.neb-one.gc.ca/clf-nsi/rthnb/nrthffshr/dclrtnsgnfcntcmmrcldscvr/mgmmckyI78-eng.html

[OilEng]

Hi Bypp:  Good catch on the DSD.  I wish that MGM would make a press release about this.  The application is interesting in that it applies to not only the block they drilled (EL 466B) with Shell last year, but also to EL 474. They have applied for a discovery license of almost 19 square miles.  Assuming that the DSD is similar to the I-77 well drilled would mean that the

[shambano1]

the market doesn't seem to interested in MGM at this point even with this application. Joe retail is not investing in MGM any time soon. things do seem to be picking up however, with the road announcement and now the future drilling in the beuford sea, why drill if there is no way to get the resources to market? what does big oil know that we don't or are they jsut planning for 10-20