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Thanks guys. I was worried that was are update and I was about to flip out.
Thanks. Info came from Yahoo Board, so I didn't believe it any way.
Someone said Website is updated on the Projects Tab... Can someone verify? Suppose to be on the Location section. I don't know what it looked like before, so I dont know. Got info from Yahoo Board.
All buys today and we are at .0004.... I'm lost.
Then how are we downticking?
I wasent being hasty. Antsy is more like it. I want to know whats going on good or bad.
My understanding is that no matter how it's done, Magellan is doing it. TVA has to be interested in this company.
Is the L2 still looking good?
Thank you. Why isnt this moving?
L2 please
I think the delay has something to do with Citizens or TMD getting a contract for the TVA Nuculuar Plant. If even the slightest hint of TVA is in the PR, this will skyrocket. And for everyone saying there is no demand for Natural Gas right now, do your DD on TVA... They do not even have enough Natural Gas to even get this up and running. For the life of me... People that say there is no demand have done NO research. Hmmm, TVA looking for LOCAL PRODUCERS to supply the plant from Chattanooga Shale. Go and read our PR from July 22nd and tell me there is no connection.
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 new TVA power plant in upper East Tennessee could spur natural gas exploration on the Cumberland Plateau. The Rogersville plant needs 10 times the natural gas produced in the state right now, and TVA is trying to help ramp up drilling. Because of the potential held in a gas formation called the Chattanooga shale, TVA’s Blake Baxter says he believes local producers could supply the plant if they had financing for exploratory drilling.
http://wpln.org/?p=10405
Oldie but goodie... This should help out with new investors and the people that thinks there is no revenue going on.
http://www.rigzone.com/news/article.asp?a_id=77225
If MGLG is updating there website, there has to be positive news on the way. I'm pumped after 3 months. Sounds like this is our week. They would not, "update there website" saying that production is delayed and our shareholders are chumps. The fact that they are putting something on there website tells me they have BIG news they want to share with the world. I'm planning my trip to Maui.
Maestro111... whatever you heard was obviously wrong. sure NG is down now, but that is our future. burns clean and is a natural product. dont try digging for info. this company is just fine and i'm sure they dont lose sleep about not running a PR in a timely manner. They have a company to run.
date Fri, Aug 28, 2009 at 4:37 PM
subject Re: Inquiry from Magellan-Energy Website
hide details 4:37 PM (14 minutes ago)
I have been told by management that a shareholder update IS coming next week and that the updated website will go live to coincide with the release. I have asked that shareholder concerns be addressed in this release.
Regards,
Karen Willoughby
Investor Relations
866-365-4724
Big trades at 14:55 and 14:57... A whole 2000 shares. That cost $1.20... R U kidding me???
I agree, but then again, I've been agreeing for the last 3 months. I don't know anymore. I still think over the top news is coming.
www.BestDamnPennyStocks.com has initiated coverage on MGLG.
I personally think the News is going to bigger than we think. Production numbers on the producing wells is great, but after reading about the TVA Plant, this has to come into play with Magellan. They are seeking producers for NG. Really? Well thats what we have right here.
If the next PR even has a hint about the TVA Plant, this stock will rocket fast.
Interesting find on Yahoo Board...
Wednesday, August 26, 2009
WPLN News View All
TVA Plant Could Stimulate Tennessee Gas Exploration
Monday, August 24th, 2009, by Blake Farmer
A new TVA power plant in upper East Tennessee could spur natural gas exploration on the Cumberland Plateau. The Rogersville plant needs 10 times the natural gas produced in the state right now, and TVA is trying to help ramp up drilling.
Because of the potential held in a gas formation called the Chattanooga shale, TVA’s Blake Baxter says he believes local producers could supply the plant if they had financing for exploratory drilling. Baxter says TVA’s commitment to purchase the gas could open banks to lending.
“If I’m willing to go out to this producers and say I’ll give you a long term contract, they should be able to take that to a bank and say ‘here, TVA has agreed to enter into a long term contract with me. Please give me my financing.’”
The Tennessee Oil and Gas Association says drilling occurs in just 11 counties, primarily on the plateau, but there’s reason to believe most of Middle and East Tennessee have potential for gas production.
TVA’s other gas plants, which are used when demand for electricity is high, are almost all along the Mississippi River and rely on natural gas piped in from Texas and Louisiana. Those pipelines don’t run to the Rogersville site in East Tennessee.
The Rogersville plant should come online in late 2011. TVA is building the plant in response to a lawsuit from the state of North Carolina over smokestack emissions from coal plants.
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It's a fact based on last PR
Something big is about to go down with this company. PR's in June were on June 1, 15th, 18th... Everything was going really well as stated in these PR's. Then all communication stops??? The last PR was another positive progress. Nothing in the last year has been bad. I think the next PR is going to be the one we have been waiting for with numbers on all producing wells.
The PR and updated website is going to be on...
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.
Personally, I think they have something up there sleeve. Okay, so the numbers are not out... Who cares... There is another reson they are not even updating us. Something is taking place, good or bad, and we will know shortly. According to the posts I read last week, a update should be this week. (I find myself laughing everytime I say that)
I'm not sure a 60 sec commercial about a SPRAY miricle skin product can sell people for $40.00. Just my opinion.
LOL. I just make things up at this point to make myself laugh. I wasent serious about the $20 PPS, but I thought for sure we'd see a PR today. I am fed up.
Last month was my prediction.
Monday, Monday, Monday... News at the open... IMO
Thats like holding water in a strainer. LOL. Just a little upset lately. Sorry. I think I can still make a little money here. Just not what I thought 3 months ago.
I now completely agree with the Caveat Emptor on Pinksheets.com... They knew something 3 months ago.
This company may not be making material information publicly available.
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties
Put up or get out. Nothing we say is going to expedite anything.
Seems like most people here want this stock to go to $5 with News??? Who cares that Natural Gas is low right now? Who cares how many O/S there is? Who Cares if numbers are great or just okay? Not me. just looking to get out around .002.
Everybody was a rookie once. I remember my 1st trade ever... $2000 at .05 on CTIC. Who cares if your a rookie or not??? I have seen you here on a dead stock for a long time... Why are you here? There are other OTC stocks that are making a killing. ASFX, BEHL, AVVH I'm here to try and get some money back before selling. I bought in too high.
Since Karen is still on Vacation, PR will hit on Monday before market opens. They have been working on the PR according too Karen, but she has been away.
This stock will play out how it wants too. It went from .0004 to .0007 within 45mins today. Nobody expected it, there was minimal volume at the time, and no PR. So everyone saying we have work to do to get this rolling, or it has to go past .001 for it to really start moving, is just speculating.
It's a Oil Co. with Revenue and Wells... Should be over .01 no matter what the O/S is.
Nice to see this hold up today even after a brief dip.
This stock is like Brett Favre... Never gives up hope.
I am sooo happy to see green!