MKGP is on a bullish uptrend and it just broke out to hit a new 3 months high.
One of the exciting things about MKGP is its rate of growth, for period ending September 30th 2006. MKGP saw an increase in Revenue of 25.6% from the previous Quarter and Net Profit of 36.2% from the previous Quarter. The gross revenue for the third quarter ending September 30, 2006 was approximately $1,174,000.
That is some amazing growth!! Many investors are taking notice of this growth rate and the volume of MKGP is starting to increase.
MKGP has had an array of great news lately, they just announced they had completed the drilling of their fifth well at the Big Foot Field.
Last month MKGP already announced initial production from the first two wells. The first well's initial production is averaging 17 Barrels of Equivalent Oil (combined oil and gas production) and the second well's initial production is averaging 30 barrels of Equivalent Oil.
MKGP is the Operator of the "Big Foot Field" in Texas originally developed by Royal Dutch Shell (RDS-A). It has approximately 300 production wells in the field of which approximately 240 are presently revenue producing.
I can’t believe MKGP is only trading at .09!!
For a company with an incredible growth rate and the total future net revenue from the Big Foot producing properties is in excess of $38,000,000 and the future net revenue from the 200 Proved Undeveloped Properties (PUDs) yet to be drilled is in excess of $353,000,000.
This is just unheard of!! In my opinion, MKGP is extremely unvalued. Start your research on MKGP now.