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MGLG busting out to .17 already. Up from .12. Green play in motion today!
MGLG on the move again, volumes up 33%.
Good morning everyone. MGLG closed double yesterday, and PTPE up 7.61% to $1.98. Loking for more activity today. GLTYA.
Good morning Cajun, college football about to heat up soon, anything heating up early bird wise? glty.
Creede, as requested, here's the chart for MGLG. GL.
MGLG up to .14, 75% gain, potential double on the horizon. BWNR following suit $1.50 up over 8%.
MGLG at open today passed ten day avg. Up 25%. Moving today. GL.
Two pieces of news this week, I like the receiving of funding but haven't seen a real market response to it as of yet. Any idea on the float? TIA.
Creede, news of note on MGLG. Just released positive report on potential oil levels from one of its wells in Tennessee. Watch this one.
Magellan Energy Announces Update on the Thomas L. Davidson Well #1
Last update: 8:31 a.m. EST Dec. 5, 2007Print E-mail RSS Disable Live Quotes
TORONTO, Dec 05, 2007 (MARKET WIRE via COMTEX) -- Magellan Energy Ltd. (PINKSHEETS: MGLG), an independent oil and gas company, announced today that its management team were on site in Morgan County, Tennessee along with the operators of Ky-Tenn Oil Inc. to oversee the acid treatment project for the Thomas L. Davidson Well #1.
Magellan Energy has been working with Ky-Tenn officials to re-work the Thomas L. Davidson Well #1 located in Morgan County, Tennessee. The treatment scheduled for November 26, 2007 continued on time and with success. The goal for this project was to frac this well with a combination of acid and water to increase productivity. The well was treated with 2000 GL of hydrochloric acid (15%) and 500GL of water. The well reacted very well to the treatment and reached a pressure of 250(lbs). Once all the fluids were introduced the well was closed off. On November 27, 2007 Ky-Tenn Oil Inc re-opened the well which still maintained a pressure 0f 160 (Lbs) and swabbed the well for half the day. The oil presence was extremely strong, so that it was placed immediately back onto the pump. The size of the well compressor/motor is small but the well continued to produce 5 BOPD until it ran out of gas without pumping off. The results will not be finalized until the well stabilizes and maintains a steady flow.
Magellan Energy's President, Mr. Akrivos, said, "We are very pleased with the initial results of the test and that the well did not pump off during the first day of production. Ky-Tenn Oil Inc. will be adding a larger motor to the well to maintain a steady flow throughout the day without disruption to production thus enabling us to get a steady barrel count. We have to understand that this well was treated in the past and although we did not get the pressure of 1500 lbs, we anticipated the well still reacted very nicely to this treatment and has come back with an increased production rate. Until the well stabilizes and we upgrade the motor we will be unable to give continuous, accurate barrel count. This success is the first stage of many for Magellan and its shareholders. We will continue to focus on our quest to place Magellan on top as a reputable, revenue producing company in the oil and gas industry with proven results for shareholders."
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 Texas and Oklahoma. Once acquired, the company intends to develop each property to maximize the income from each property by re-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.
Bill Akrivos
Website: http://www.magellan-energy.com
Phone: 1-866-365-4724
SOURCE: Magellan Energy Ltd.
http://www.magellan-energy.com
Good morning and good luck. Keep an eye on PTPE for the next couple of weeks. Currently standing at $1.84. Looks like serious potential.
Good morning Creede. Thanks for having me, and the mark is appreciated. Looking forward to interesting times at Nano! GLTY.
More movement than expected on BWNR. Jumped to $1.78 at present. Should be a ride today.
BWNR up over 16% so far. Standing at $1.70. Looking to even greener pastures.
News on a one day miners' strike in South Africa today. Watching gold and platinum to move.
http://afp.google.com/article/ALeqM5iywP0b26O3SbM8wKvhk7UiomdrTw
Morning all. Monday night game...what can you say? Fan or not, you wonder if the Pats will sweep the season.
Keep an eye on BWNR and IMGR today.
BWNR $1.46 up from $1.15 yesterday. IMGR 0.24 up from 0.17 yesterday.
GLTY.
Good morning all. Here's to another day on the markets.
ONMC closed up .058, BWNR made a huge upswing closing at 1.46. Watch these two today IMO. On a side note, the Pats remain undefeated.
Vivendi and Activision join forces to send notice to EA Sports and the gaming market. EA drops 1.8%.
CRLD quiet so far. .05 x .07. Looking to bounce mid-week. GLTYA.
ONMC moving up this morning. Aquagold could be the ticket. Keep an eye out for BWNR today as well up .10 to $1.15.
News on BWNR today. Joined in partnership for 50% ownership in a group of gold mining claims in Arizona. Market should respond favorably. Closed at $1.15.
TORONTO, Dec 03, 2007 (MARKET WIRE via COMTEX) -- Brownstone Resources Inc. (PINKSHEETS: BWNR) is pleased to announce that the company has signed a Letter of Intent (LOI) with a private mineral resource development company which will ultimately enable Brownstone the right to earn a 50% participating ownership interest in a select group of gold mining claims in northeastern Arizona. The claims are located approximately 70 miles outside of Flagstaff, Arizona.
thanks, got it on radar.
Gone up since Thursday. Float a little high at 204 million. But Aquagold something to keep an eye on.
ONMC, looks to move this week on news. "Aquagold", great position with olympics opening in China. Up .50% Fri.
Congrats on LSU.. Jumping from 7th to 2nd. Deserves a spot in the big show. Should be a showdown. GLTY on the Tigers and ONMC.
SLON up 26%. Volumes at 5 million, 10 times the tdavg.
crld up ticking 16 point gain.
seems to have bottomed out. crld .05 x .07
lol agreed plus a little real news would help.
like the tight float plays KingV- you should check out CRLD float of 11m shares. Great plays for a pop
I find that tight floats are the best line of defense in the land of pinks.
INBG, man, touching 200%. Can you say show me the money!!
PMED starting to look good, bounce seems to be on the horizon. .0013 x .0014.
CRLD, getting in on .05, this one is going to show movement today. Green on the horizon. GLTA.
the way I look at it is, at 10 its a near double, volumes are up but the news is whats needed
CRLD looks like it can do an easy double just needs some news we can sink our teeth into today.. Good morning all 10 baggers whats the flavor for today
CRLD looks like it can do an easy double just needs some news we can sink our teeth into today.. Good morning all 10 baggers whats the flavor for today
A port to say the least. The next couple of weeks should be interesting indeed.
What's the OS and float? TIA.
Thanks for the heads up. Didn't see much of a response on the news.
.06 x .07. Volume 211 K. Once VFIN and NITE our out of the way, we're back to a dime.