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lbas

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lbas

Re: lbas post# 2120

Friday, 03/14/2008 1:48:37 AM

Friday, March 14, 2008 1:48:37 AM

Post# of 17741
MMR - Hit new 52 week high today of 18.40.

Near term catalysts for further upward price movement include

- Contnuing positive results at Flatrock. 3 successful wells. Flatrock has the potential to contain 1 trillion cu. ft of natural gas reserves. MMR has 25% working interest.

- Rentering its ultra deep well Blackbeard prospect. High probability of success.

- Over 80% average Production growth increase from 152 mmcfe/d in 2007 to 275 mmcfe/d in 2008.

- Company insiders have been buying aggressively

- Looking further ahead, MMR also has a license to develop the Main PAss Energy Hub, a natural gas storage facility for storing 28 bcf of gas in underground caverns.
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