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Re: Hubble post# 16064

Monday, 03/12/2007 3:52:46 AM

Monday, March 12, 2007 3:52:46 AM

Post# of 28061
mkgp has gone from about 5cents last summer to 6 cents with a brief spike to around 10 cents and back down to 6 or 6.6 cents . If you sold EDEX at 14 that would mean you probably got mkgp for around 4-6 cents. So why would I want to go into a oil reclamation company that is only taking in $2.8 million from almost 300 wells plus their gas intersts. that works out to less than 2 bps per well per day based ont their 240 operating wells. If mesa1 has decent numbers it could produce anywhere from half to all the output of all of mkgps wells per day.
Rather gamble on a possible gangbuster than a few almost dry spots. but thats just me.

i think you should dump mkgp and put it all back into edex


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