Hey Bill. What does L2 for ifsl look like?
Thx in advance.
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Hey Bill. What does L2 for ifsl look like?
Thx in advance.
Good Morning Tree,Quote:
Originally Posted by thetree
You can call here, I suppose. That is their office number below from their website. I don't know how far you will get, but it might be worth a shot.
1370 Hurontario St., Mississauga, Ontario, L5G 3H4
To determine if our services meet your requirements or if you want a copy
of our company brochure, please feel free to call our offices at (416) 827 1673
and fax us at (905) 891 6800 or simply fill out the form below. We look forward to
hearing from you.
Let me get one cooked up for you. It will take a few minutes.Quote:
Originally Posted by ShotsII
Yeah those were the #'s i was talking about. Anyone ever seen this?
http://investing.businessweek.com/bu...nergy%2C%20Ltd.
I had never seen a US address for magellan. Is this the old mgmt.?
That is old stuff except for the stock price shown. They used to be a poor company with a crooked CEO, from what I can glean. This new CEO is "supposed" to be good.Quote:
Originally Posted by thetree
It is really hard to follow a company without news. Everybody gets frustrated and then the doubt and the wars begin.
Over on the wheel, they are all pissing and moaning. I just read a few posts this morning and it is not pretty over there.
The company is busy conducting their business, but how they are carrying it on at this point - I don' have a clue.
When a PR does come out and if it is positive, then the stock will take off like a rabbit.
The reason I got out of SIRI was because the news wasn't...or ever.
i live literally 1.5 hrs away from mississauga or less, but i work every day :( and even if i did go in lol i wouldn't know what to say
1. Go up there dressed like Daniel Day Lewis in There will be Blood.
2. Talk in 19th century slang.
3. Slap someone in the face.
4. The rest is up to you....
lol i couldn't even imagine me trying to do that without laughing
MGLG pr the day bill sells. oh man
LMAO! That's how you get results.Quote:
Originally Posted by thetree
there goes magellen..flying off the a pr
not THE pr but A pr
Magellan Energy Ltd. Issues Additional Information on the Potential for the Lankford Lease 07/22 10:11 AM
TORONTO -- (MARKET WIRE) -- 07/22/09 -- Magellan Energy Ltd. (MGLG:$0.0006,$0.0001,20.00%) ("Magellan" or "the Company") is pleased to provide shareholders with additional information on its Lankford Lease. The Lankford Lease, comprising of 11 producing wells, is located on the Chattanooga Shale. A recent report on the Chattanooga shale reserve potential (soon to be available on our website) confirms the Company's own due diligence and its subsequent participation in the project with its partner, TMD Energy.
A five county area of Late Devonian Age Chattanooga Shale gas production exists under the Cumberland Plateau. These counties are Scott, Morgan, Fentress, Anderson, and Campbell Counties. The thickness of the Chattanooga Shale under these counties ranges from 30 feet to a known maximum of 828 feet. The natural gas in this reservoir is absorbed onto the surface of organic matter in the Chattanooga black shale. The Chattanooga Shale under the Plateau is in the peak oil phase of thermal maturity and is still generating hydrocarbons.
The Lankford Lease wells are located in Morgan County. Currently, the wells are producing from the Monteagle formation. Monteagle limestone is a Mississippian age formation that is a consistent oil and gas producing formation. Other Monteagle gas wells in the area are still producing commercial quantities of gas after 30 years. The Lankford Lease wells have been drilled to the shale formation and the Company is confident that a significant amount of gas from the formation exists on their lease. The Chattanooga Shale gas reserves under the Cumberland Plateau are substantial and horizontal drilling and re-completion of existing wells will be an important factor in developing them. The Company intends to frac at least two of the wells at the earliest opportunity to increase natural gas production and is considering additional horizontal drilling to maximize long-term gas production from the Chattanooga Shale.
Reserve estimates indicate a conservative gas in place value of 3.198 bcfg/mi.2 for the area under the Cumberland Plateau. These calculations assume a gas content of 20 scf/ton of gas in the Chattanooga Shale. Miller Petroleum, Inc. is in possession of geochemical data that justifies this as a minimal gas in place number.
Miller Petroleum, Inc., KY-TENN Oil, and Knox Energy, LLC are presently developing the natural gas resource on the Cumberland Plateau. There are numerous existing wells on the Cumberland Plateau that can be re-completed as Chattanooga Shale gas wells. The Lankford Lease wells have been drilled to the shale and Magellan believes they are excellent prospects to tap into this reserve.
According to the EIA Annual Energy Outlook 2009, U.S dependence on imported oil is expected to decline over the next 25 years -- due to high prices and limited resources; and natural gas production, led by gas shales, is expected to provide the majority of growth in gas supply. As the economy improves, we should see a marked improvement in the price of natural gas and in the overall value of the Chattanooga Shale gas reserves.
In other corporate news, the Company is currently working on updating its corporate website and will soon have it completed. In regards to the highly anticipated production numbers, they have obviously not been received in the time frame anticipated and we ask our shareholders for their continued patience as we will have an update shortly.
About Magellan Energy (MGLG:$0.0006,$0.0001,20.00%) : Magellan Energy (MGLG:$0.0006,$0.0001,20.00%) is a publicly traded independent oil and gas company (PINKSHEETS: MGLG). The company is actively acquiring oil and gas leases, producing properties, mineral rights, and surface interests in Tennessee and Oklahoma. Once acquired, the company intends to develop each property to maximize the income from each property byre-establishing production, refurbishing and improving the existing production and operations.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
Contact:
MAGELLAN ENERGY LTD. (MGLG:$0.0006,$0.0001,20.00%)
Member of the Tennessee Oil and Gas Association
Website: http://www.magellan-energy.com
Phone: 1-866-365-4724
deleted double post...
im back in magellen at 8
MGLG is starting to run on the news!!
Fcuk. The day after I sell. Perfect timing for me. FML.
Congrats to all you guys who have the ability to exercise patience. I lost out bc I got stupid. At least I can still buy in cheap if IFSL goes up decently soon.
bill are you back in?
No, I still have 760K in freeshares. It took me by surprise. I am going to see what happens today.Quote:
Originally Posted by Sean