Magellan Energy, Ltd. (MGLG)

[trade wizard]

Heard that brotha...great to be here. I'm not going anywhere anytime soon. I'm waiting on the .35-.40 area before I start taking profits. On todays news: I'm glad we finally got a p.r.. Wasn't exactly as exciting as I might have hoped for..but I did interpret some good out of it. 1. Akrivos, in my opinion, though being a good guy...I thought was not aggressive enough and seemed to be slacking lately (possibly because of other obligations more important to him.) Glad to have a new, fresh CEO with enthusiasm who will (hopefully) pick up the pace a bit. 2. I like hearing about the bubbling..that's a good sign. 3. Electrical is done..even though we already knew that. 4. New Pipeline in. Now, here comes the confusing part for me that I fail to understand. If the new pipeline is in, and our wells aren't hooked up to it yet, then WHY re-connect to the other pipeline instead of our new one? Is our new pipeline ready or not? If so, then it would seem we could connect to the new one in the same amount of time it would take to connect to the old one. Anyone have any thoughts on that? Answers? Aside from that, I thought it was nice to get a little news....about time.