Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Volume again
LOL
Peeps gonna have to make good on all those
Counterfeit shares they sold us come phase 6.
Weeeeeee just keep HOLDING.
Nothing just more volume
Sony, what did I miss?
Thanks
Trackk.
WARNING: Stock is listed as "Caveat Emptor" on Pinksheets.com! is no longer
applicable ?
What platform is allowing it to be traded?
Last time I checked my was not allowing it (TD Ameritrade)
Good Morning. Please explain??
I am seeing it is still Expert Market
IMO YOU ARE RIGHT!!! REDHAWK
One big hit by someone
Even if it was tongue in cheek, a possibility
I like it
My Exxon post was tongue in cheek. But, if the price of NG stays high then MGLG has a lot of idle wells. My understanding is that the gas is too potent, if that is the right word, and requires extra processing. I have held millions of shares for 14 years. Old saying in pink land; they come back to life when you have forgotten them. So, who knows here? Every now and then we see this trade a few million shares, so someone is out there. GLTA
Is this real news? Magellan been bought by ExxonMobil?
Given the current price of oil, and attempts to lower by producing more could make this very interesting
If you own it would possibly not need permits etc.
Exon could be going around the blockage this current administration has done
I think it is because they have been bought out by Exxon. Ssshhh, though. Word has not hit the street ;)
I can't see mglg on the ihub charts anymore, anyone one knows why?
Why so concerned? You running out of time?
Working out good for me.
I have shares plenty and time plenty.
MGLG
Since we are unable to buy any right now
I am holding some
The stock market is a device to transfer money from the inpatient to the PAYtient ….. W Buffet
How’s that one working out for u?
MM's trading it. Only they get to trade below trip zeros
Good question!
Yeah, positive posters creep them out.
LOL
Go MGLG $$$$$$$$$
Hey Track! Been wondering where you have been. Well looks like someone push it back down today, not that MGLG was up!
Same here Trackkwizzard!
Let me know when they are trying to keep it in pennies,
I'll throw those market makers a few tiny crumbs.
Weeeeeeee Hee Haw
Miss you Artdo
$$$$$$$$HOLDING my MGLG $$$$$$$$$$$$$$$
The highjackers made it a scam.
The shorts made it a scam.
The dirty attorney made it a scam.
The courts made it a legitimate company.
$$$$$$$$$ MGLG. HOLDING MGLG $$$$
Sorry Mullet!
The courts made it legitimate.
People talk about this stock like it was a legitimate company. Just a scam pump n dump. Sorry folks.
I remember the operator of those leases reply to my email that he took over the leases ? Not sure about anything developing without a website to follow.
I remember the name as Goodwin is all and he belonged to the Tennessee Valley association at that time .
Found no lease results on the link. Assuming I did the search correctly.
Looks like someone trying to keep at 0001 for now anyway. Might be a reason. Anyone ever find out if operating TN? Saw some posts earlier.
Hopefully somebody turns this into Frankenstein and brings it back to life.
Is this thing actually coming back alive?
More encouragement
Thank you
Who is Encore Energy that I keep hearing ads on the radio bout to buy - are they connected to Magellan? Ads sounds like they are drilling or exploring in Tenn. ???
I have many sites that I can check Most of them say what you said.
On one of the sites it did make a statement, which I previous posted.
Since I neglected to write off as a loss
The trackwizzard gave me some hope
I am just trying to add to the HOPE
Huh? There is no chart, as there has been almost no trading. Scratching my head
I check sometimes sites that analyze stocks and their opinion
Most of them say' we cannot analyze MGLG because because of lack of activity
This one was different
posted their comments to add to our hope that MGLG will come alive again
I check sometimes sites that analyze stocks and their opinion
Most of them say' we cannot analyze MGLG because because of lack of activity
This one was different
posted their comments to add to our hope that MGLG will come alive again
from a stock chart analysis board
Moving Averages analysis
Price and moving averages has closed above its Short term moving average. Short term moving average is below its mid-term; and below long term moving averages. From the relationship between price and moving averages; we can see that: this stock is NEUTRAL in short-term; and BEARISH in mid-long term.
Bollinger Bands Analysis
Bollinger Bands has closed below upper band by 43.3%; above bottom band by 56.7%; Bollinger Bands are 733.3% wider than normal.The large width of the bands suggest high volatility as compared to MGLG's normal range. The bands have been in this wide range for 11 bars. This is often a sign that the current trend may be ending.
Followers
|
276
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
42518
|
Created
|
10/30/06
|
Type
|
Free
|
Moderators |
WARNING: Stock is listed as "Caveat Emptor" on Pinksheets.com!
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=mglg
Magellan Energy Ltd. is a growing and experienced energy company focused on acquiring and partnering with existing producing junior properties in North America. Magellan Energy Ltd. is working to establish itself as a world-class oil and natural gas company, capitalizing on smart acquisitions and having great relations through partnerships.
Latest news from MGLG
TORONTO, Jul 22, 2009 (MARKETWIRE via COMTEX) -- Magellan Energy Ltd. (PINKSHEETS: MGLG) ("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: Magellan Energy 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.
Oct 14, 09 Magellan Energy relisted.
http://www.dtcc.com/downloads/legal/imp_notices/2009/nscc/a6888.pdf
May 13, 09 Magellan Energy Ltd. Announces Work Completion on the Thomas Martin Lease
http://finance.yahoo.com/news/Magellan-Energy-Ltd-Announces-iw-15228383.html
May 12, 09 Magellan Energy Announces Progress on the Robert Anderson Well
http://finance.yahoo.com/news/Magellan-Energy-Announces-iw-15214955.html
Dec. 22, 08 Magellan Energy Addresses BTU Situation in Tennessee
http://finance.yahoo.com/news/Magellan-Energy-Addresses-BTU-iw-13892402.html
Dec. 2, 2008 Magellan Energy Announces Shareholder Update
http://finance.yahoo.com/news/Magellan-Energy-Announces-iw-13718306.html
August 7, 2008 Magellan Energy Announces Corporate and Project Update
http://biz.yahoo.com/iw/080807/0422964.html
April 16, 2008 Magellan Energy, Ltd. -- Thomas D. Martin Waterflood Update
http://biz.yahoo.com/iw/080416/0387338.html
April 10, 2008 Magellan Energy Announces Update on Robert Anderson Lease
http://biz.yahoo.com/iw/080410/0385520.html
April 3, 2008 Magellan Energy Announces Progress on Its Second Producing Oil & Gas Well
http://biz.yahoo.com/iw/080403/0383352.html
Feb. 25, 2008 Magellan Energy Ltd. -- Tennessee Revenue and Project Update
http://biz.yahoo.com/iw/080225/0366145.html
Feb. 22, 2008 Magellan Energy: Tennessee Revenue and Project Update
http://biz.yahoo.com/iw/080222/0365844.html
Jan. 08, 2008 Magellan Energy Announces Robert Anderson Lease Agreement With TMD Energy Inc.
http://biz.yahoo.com/iw/080108/0345926.html
Dec. 18, 2007 Magellan Energy Announces Update on the Thomas D. Martin Wells
http://biz.yahoo.com/iw/071218/0341238.html
Dec. 05, 2007 Magellan Energy Announces Update on the Thomas L. Davidson Well #1
http://www.marketwire.com/mw/release.do?id=799737&k=mglg
Oct. 24, 2007- Magellan Energy Announces Participation Agreement with TMD Energy Inc.
http://www.marketwire.com/mw/release.do?id=784354&k=mglg
Sept. 27, 2007 Magellan Energy Announces Oil Production
http://www.marketwire.com/mw/release.do?id=774291&k=mglg
Sept. 24, 2007- Magellan Energy Announces Update on Thomas L. Davidson Well#1
http://www.marketwire.com/mw/release.do?id=773331&k=mglg
Sept. 11, 2007- Magellan Energy Announces Participation Agreement
http://www.marketwire.com/mw/release.do?id=768458&k=mglg
July 18, 2007- Magellan Energy Ltd. Announces Update on Oklahoma Projects
http://www.marketwire.com/2.0/release.do?id=752323&k=mglg
June 19, 2007- Magellan Energy Ltd. Completes Logging Reports
http://www.marketwire.com/2.0/release.do?id=743647&k=mglg
May 14, 2007-Magellan Energy Ltd. Announces Update on Pemberton Well # 14
http://www.marketwire.com/mw/release.do?id=729119&k=mglg
May 7,2007- Magellan Energy Ltd. Announces Completion of Seismic Field Operations
http://www.marketwire.com/mw/release.do?id=731946&k=mglg
April 30, 2007- Magellan Energy Ltd. Announces Permit From the State of Tennessee
http://www.marketwire.com/mw/release.do?id=724292&k=mglg
April 27, 2007 - Magellan Energy Ltd. Ventures Into the Trenton-Black River Formation
http://www.marketwire.com/mw/release.do?id=722587&k=mglg
April 26, 2007-Magellan Energy Ltd. Announces Progress Report on Martens 1-13
http://www.marketwire.com/mw/release.do?id=721105&k=mglg
April 23, 2007:Magellan Energy Announces Participation in the Ostil Paul Property
http://www.marketwire.com/mw/release.do?id=732251&k=mglg
March 13, 2007 - Magellan Energy Announces LOI for Acquisition of $50 Million Oklahoma Properties
http://www.marketwire.com/mw/release.do?id=722992&k=mglg
February 22, 2007 - Magellan Energy Ltd. Announces Activation for Ten Well Recompletion Program in Oklahoma
http://www.marketwire.com/mw/release.do?id=722005&k=mglg
February 06, 2007 - Magellan Energy Ltd. Announces Corporate Update
http://www.marketwire.com/mw/release.do?id=713905&k=mglg
Company Information:
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=MGLG#getCompanyInfo
PROJECTS:
The Thomas L. Davidson Project
Thomas L. Davidson well #1 is located in the Burrville Oil/Gas Field in Morgan County, Tennessee. A participation agreement with Ky-Tenn Oil Inc., is in place. The well is currently producing, and production is expected to ramp up considerably after the company completes a work-over procedure to increase production. The well is estimated to have 100,000+ barrels of oil in reserve. Magellan recently acidized the well under extreme pressure to flush it out in order to increase production. The well was then capped or closed off and re-opened for production the next day. Magellan expects that this will increase production by 20+ barrels/day before eventually settling back down.
*The penberton property
http://www.magellan-energy.com/mg/prenbertonproperty.asp
* The Ostil Paul Property
The Ostil Paul Property is located in Overton County, Tennesse. Specifically Miller Chapel / Bolestown area of Overton County, Tennessee. The area lies approximately 15 miles east of Livingston Tennessee along State Highway 52. The Ostil Paul Property lies North of the highway off Joppa Rd to the west of Miller Chapel. Basin Oil has recently discovered an oil accumulation that is both prolific in its production and unusual in its structure. Two of these wells on the Paul Property have produced over 150 BOPD since their discovery last fall. The Kelly Paul Property is less than ¾ of mile to the north.
The Martin Waterflood Project
The Martin Waterflood project is located about 50 miles northwest of Knoxville, and less than 20 miles from the Tennessee-Kentucky border in Morgan County, Tennessee. The number of wells and the way those wells will be utilized will be determined by a onsulting petroleum engineering firm, that will base its recommendations, in part, on geology of the area and field production records, provided by the company. Initial estimates of recoverable oil in place are in excess of 100,000 barrels of oil, with a current value of
more than $6.5 million.
The Martin field is currently in the final stages of primary production, producing a small amount of oil and gas from eight wells. Those initially targeted include: Thomas D. Martin #7 - Permit # 7316, Thomas D. Martin #4 - Permit #7329, Thomas D. Martin #11 - Permit #7651, Thomas D. Martin #12 - Permit #8169, Thomas D. Martin #14 - Permit # 8223 and Thomas D. Martin #15 - Permit #8224.
TMD Energy expects to have the project completed and in operation by late 2008 or early 2009 depending upon several factors, including the approval process, weather and availability of equipment.
July 22, 09 Magellan Energy Ltd. Issues Additional Information on the Potential for the Lankford Lease
http://finance.yahoo.com/news/Magellan-Energy-Ltd-Issues-iw-3820446943.html?x=0&.v=1
June 18, 09 Magellan Energy Announces Acquisition of Lankford Lease in Morgan County, Tennessee
http://finance.yahoo.com/news/Magellan-Energy-Announces-iw-1406258718.html?x=0&.v=3
June 01, 09 Magellan Energy Magellan Energy Announces Natural Gas Production in Morgan County, Tennessee
http://finance.yahoo.com/news/Magellan-Energy-Announces-iw-3649917050.html?x=0&.v=1
May 19, 09 Magellan Energy Issues Corporate Update
http://finance.yahoo.com/news/Magellen-Energy-Issues-iw-3027636243.html?x=0&.v=1
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |