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And in comes the volume. Probably a lot of folks figure this to be at least a temporary bottom. Temporary bottom. Sounds like a cosmetic prosthetic device, doesn't it?
And up she goes!
No. I'd say this is the one rumored recently. More of an update. But they do say that the highly anticipated production numbers will be published "shortly".
Nice to see the word "shortly" as well re the publication of the "highly anticipated" production numbers. Hopefully they are not thinking on a cosmic scale.
MGLG News
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
NEWS!
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
Yeah, but who's?
Yeah, that'll work.
Code 16 (911)
I'll sign off with Code 17.
Code 17 (GREETINGS) - Good morning. - Good evening. - Have a nice day. - Have a nice weekend. - I hope you had a nice weekend. - Is it Monday yet?
Does anyone know the number for 911?
OMGosh! I was looking at the chart, and it MOVED! That makes 4 (FOUR!) trades since noon alone. I can't take this much excitement much longer. And in less than two hours I can check my mutual funds to see how they did today. Gosh investing is fun!
A trade! A trade!!
Depends on whether you're at your computer or at a bar. ;0)
Lol. That goes without saying.
I thought of a way we could save ourselves a lot of useless typing and reading of lengthy messages. We could develop a code system, whereby instead of typing a message, one simply types a code that represents that message. For example, instead of typing, "We need news!", or, "Where is the news we've all been waiting for???", we could simply type "Code 3". Once everyone learned what the codes mean, it would save us a great deal of time and work. Each code could stand for a range of similar statements or questions. Here are my suggestions for possible code assignments:
Code 1 (PUMP)- GO MGLG! - To the moon!! Weeeeeeeeeeee! - Buy! Buy! - Slap the ask! - Get in now while you can. - We should see $1.00 soon. - Look at that volume! - I'm holding. - It's gonna run any minute! - They're going to have to pry my shares out of my cold, dead fingers. - I've never been in such a good stock. - I hear good things about MGLG. - BUY!! BUY!!
Code 2 (BASH)- POS! - We'll soon see .0001. - There goes the bid. - SELL! SELL! - Scam - GET OUT NOW!! - Why buy now? It's going lower. - You're all going to lose your investment. - Dilution - It's all over. - Down we go! LOL! Told ya so! - I'm out, suckers.
Code 3 (EXCUSES) - Damn bidwhackers! - MM manipulation! - I HATE MM's! - Where's the FED??? - The CEO sucks. - The market was set up to screw the investors. - The DOW is down today.
Code 4 (OBVIOUS) - We need news. - Where is the $*ing news?? - We need the pps to rise. - We need some buyers. - Not much happening. - This isn't going to move if we don't get some volume.
Code 5 (INDECIPHERABLE) (This code is for those posters who want to say something, but typically use little or no punctuation, or use extensive abbreviations, poor grammar, ghastly spelling, and endless run-on sentences, or post when drunk.)
Code 6 (OFF TOPIC)
Code 7 (PERSONAL ATTACK)
Code 8 (GENERAL FRUSTRATION)
Code 9 (NEWBIE QUESTIONS) What does pps mean? - What is an MM? - Should I buy this stock? - How high will MGLG go? - Why does it say, "Invalid symbol" when I try to buy NITE?
Code 10 (POMPOUS) Told ya so! - Let me bring this down to your level. - You should have listened to me. - I've been in this business for 45 years. - In my long experience of trading....
Code 11 (CHARTS) Cup and handle - The chart says....
Code 12 (LEWD) Lewd but funny. - Just lewd.
Code 13 (SPORTS)
Code 14 (CARS)
Code 15 (SPORTSCARS)
Make that .027
Edit: now .024. Geez, he's got gypsy feet.
EDNE - Nite has moved to .03 on the Ask.
In a few hours I'll be going out for the day. That's always a good sign!
MSTF volume alert. Volume is 4 times the 90-day average volume, and just passed the 10-day average volume.
EDNE
No, you're right. ;0) And it's just not worth the brain-burn either. Brrrrrrrrr......
Hey, we're ticking right along at .0002 this morning. I may cancel that trip to the ice cream place. Besides, it's dangerous to drive with only one eye while holding a 64 ounce milkshake to your face.
It's ok, though, because I'm part Irish. I don't particularly like to drink, so when stressed I overeat. It's barely 7 AM here, and I'm already dreaming about when the bake shop opens.
I've got a really delightful Level 2 that includes everything..... EXCEPT PINK SHEET STOCKS. Don't you just love it? sigh....
Looks like it may just have filled. ;0)
Well, thank you for taking the time and caring. I don't really care anyway, so whatever.
Fortunately his punctuation and use of the run-on sentence leave what he is trying to say pretty much up to the interpretation of the reader.
I'm going to make a wild guess here. The colors indicate the change in the pps when the trade was made. Red = pps dropped. Green = pps rose. Blue = no change in pps. Just a guess.
The ADVFN "Help" feature is pretty useless on this subject. However there is this from ADVFN's Heiken Ashi Charts help page:
Heiken Ashi Charts
Heiken-Ashi bars are similar to candlesticks, but are based on slightly changed datasets:
1. haClose is the average of the current bar (Open + High + Low + Close)/4
2. haOpen is the midpoint of the body of the previous bar: (Open of previous bar + Close of previous bar)/2
3. haHigh is the highest value of the set: High (of the current bar),haOpen,haClose
4. haLow is the lowest value of the set: Low (of the current bar),haOpen,haClose
The Heiken-Ashi bar is thus plotted as a candlestick with values haOpen, haClose, haHigh, haLow. it's coloured green for up and red for down, to differentiate them from regular candlesticks.
Heiken-Ashi gives a much better visual indication of trends, consolidations and reversals than regular candlestick bars for any time frame.
MODC News.
Modern Technology Corp Announces Shipping of OEM Version of Emissions Control EC-1 System 07/17 11:33 AM
RENO, NV -- (MARKET WIRE) -- 07/17/09 -- Modern Technology Corporation (MODC:$0.0003,$0.0001,50.00%) announced today its EC-1 series of Emissions Control Systems is available as OEM sub-component for internal combustion and power generation systems. Orders and shipping begin immediately.
The OEM EC-1 is designed for the reduction and elimination of emissions created by any internal combustion engine. Primary applications include motor vehicles and stationary power generation systems.
The OEM version of the emissions control system is available immediately. Parties interested in ordering the system or becoming a distributor are asked to inquire at oem-emissions@genh.us
System pricing ranges from $249 to $699 depending on application and requirements. Custom configurations can be ordered in any quantity for any size emissions control application.
The OEM EC-1 Emissions Control System includes all necessary components to custom engineer or retro-fit existing or newly designed internal combustion engines. It has been specifically engineered to significantly reduce or completely eliminate exhaust emissions for both gasoline- and diesel-powered systems. The EC-1 creates hydrogen fuel on-demand, causing a more complete and cleaner burn inside the engine.
The Company intends to market its OEM EC-1 systems through power system manufacturers and installers, national parts distributors, regional direct distribution through local partners, and international distribution through various supply partners.
New applications for the Gen-H and EC-1 series of products are under constant development and will be announced accordingly.
Investors can expect further updates on the following:
-- Improved online order entry and shipping application to handle
distributors and customer orders
-- New distributor and applications for the OEM EC-1 for Electrical Power
Generation using multi-fuel
-- New Emissions control target markets and international partners for
distribution
-- Licensing agreements for OEM emissions and fuel efficiency
enhancements for bio-fuel generators
-- New product manufacturing and shipping facilities will be announced
-- Anticipated additional portfolio acquisitions adding revenues of $5-
$15 million
About Modern Technology Corp (MODC:$0.0003,$0.0001,50.00%)
MODC acquires promising technology companies and related assets to promote their growth and development. The company provides interim management and related services to its portfolio and client companies. It builds revenues and asset value through a model of continuous growth and derives further income from appreciation of its portfolio and licensing or revenue-sharing agreements. Web: http://www.moderntechnologycorp.com.
Safe-Harbor
This press release contains statements (such as projections regarding future performance) that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's website and prior SEC and PinkSheets filings contain various disclosures and RISK FACTORS (incorporated herein by reference) and should be read before any investment decision.
Contact:
Modern Technology Corporation (MODC:$0.0003,$0.0001,50.00%)
Investor Relations
1.954.727.5468
MODC News.
Modern Technology Corp Announces Shipping of OEM Version of Emissions Control EC-1 System 07/17 11:33 AM
RENO, NV -- (MARKET WIRE) -- 07/17/09 -- Modern Technology Corporation (MODC:$0.0003,$0.0001,50.00%) announced today its EC-1 series of Emissions Control Systems is available as OEM sub-component for internal combustion and power generation systems. Orders and shipping begin immediately.
The OEM EC-1 is designed for the reduction and elimination of emissions created by any internal combustion engine. Primary applications include motor vehicles and stationary power generation systems.
The OEM version of the emissions control system is available immediately. Parties interested in ordering the system or becoming a distributor are asked to inquire at oem-emissions@genh.us
System pricing ranges from $249 to $699 depending on application and requirements. Custom configurations can be ordered in any quantity for any size emissions control application.
The OEM EC-1 Emissions Control System includes all necessary components to custom engineer or retro-fit existing or newly designed internal combustion engines. It has been specifically engineered to significantly reduce or completely eliminate exhaust emissions for both gasoline- and diesel-powered systems. The EC-1 creates hydrogen fuel on-demand, causing a more complete and cleaner burn inside the engine.
The Company intends to market its OEM EC-1 systems through power system manufacturers and installers, national parts distributors, regional direct distribution through local partners, and international distribution through various supply partners.
New applications for the Gen-H and EC-1 series of products are under constant development and will be announced accordingly.
Investors can expect further updates on the following:
-- Improved online order entry and shipping application to handle
distributors and customer orders
-- New distributor and applications for the OEM EC-1 for Electrical Power
Generation using multi-fuel
-- New Emissions control target markets and international partners for
distribution
-- Licensing agreements for OEM emissions and fuel efficiency
enhancements for bio-fuel generators
-- New product manufacturing and shipping facilities will be announced
-- Anticipated additional portfolio acquisitions adding revenues of $5-
$15 million
About Modern Technology Corp (MODC:$0.0003,$0.0001,50.00%)
MODC acquires promising technology companies and related assets to promote their growth and development. The company provides interim management and related services to its portfolio and client companies. It builds revenues and asset value through a model of continuous growth and derives further income from appreciation of its portfolio and licensing or revenue-sharing agreements. Web: http://www.moderntechnologycorp.com.
Safe-Harbor
This press release contains statements (such as projections regarding future performance) that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. The company's website and prior SEC and PinkSheets filings contain various disclosures and RISK FACTORS (incorporated herein by reference) and should be read before any investment decision.
Contact:
Modern Technology Corporation (MODC:$0.0003,$0.0001,50.00%)
Investor Relations
1.954.727.5468
But you have to admit the makeup made him look really good.
You too, Debsky!
Sky?
Well, I'd better get out back and do some gardening. Now, where did I put that tether?
HUMAN??! Why'd you buy one of those??? They're nothing but trouble! Send her immediately to Sister Balistica.
Take it to the Dog Whisperer.
Don't joke about fog screen, Debsky. It used to be just awful here before fog screen. We used to have to wear these bulky waterproof suits that only came in bright orange because otherwise drivers would run right over you and never look back. The fog suits made this soggy sloshing sounds whenever you moved, which was really annoying, though it made it easier to know when someone else was approaching on the sidewalk. Fog screen freed us from all that. As a result people tend to go outside and walk around a lot more, though the number of injuries from people walking into each other in the dense fog has skyrocketed.
ROTF!! Nawwwwww! There's no such thing as 101. That's like a fever. You can't tell me it ever gets that hot anywhere.
90's?? What are 90"s??? You mean the decade?
Yes, something good did come out of it.
Hey, it looks like we may be headed for a breakout today before market close. I can almost see Pacifica!
Yeah. Her pizza stock went from .75 to .0005. Hasn't had any volume in almost a month, which explains why it hasn't dropped any further. I think she got into it in the 60's. The pps, not the year. ;0)
Those were fun times, weren't they?
Yeah, I think he used Olsen and Olson, and at least one other. I remember seeing a list of his aliases on his criminal record. Remember that document that was PM'd around that showed his jail time? Skunks claimed it didn't exist. Ah, memories.