When I post my REALISTIC extimates, I attempt to powst soemthing you "can take to the BANK", not something thst id in thre DREAM world. Unlike other "pinks" MGLG, wasa victim of circumstances when its production was shut down my citizens and FERC. after resolving the BTU issue, production was resumed in mid May 2009, Hence the First FULL month of production will be June 2009, We can all guess as to when we will get "numbers". I am attempting to get Numbers, but NOT by calling Citizens, but but going to the ONLY third party where NUMBERS are REAL. I will not state where i am seeking these numbers, since TOO many poster, are too imature and THINK that they can "boss" people into sharing these numbers. I am not SAYING i am ashareholder of MGLG, but rather seeking what reported production numbers in the area were.. Having extensive experience in the OIL and Gas industry these Numbers MUST be reported, and I know to WHOM. Hence Someone must report these numbers at least by Quarter(hence JUNE 30, 2009 date, and no later than one than by 7/31/2009. hence I hope to have the required numbers by the first week of August. These number are available by the Freedon of Information ACt.... If I say anymore the Idioys who called Citizens, will call the sources I am trying to get the numbers from.. I have obtain numbers for periods proir to shut down, hence i have a benchmark. My hope for a PPS by end of summer is a pps of .0025 to .0040 or about 2 to 4 times the current price. If YOU think pennies, dollars, WAKE UP numbers will not give you that.. Yes there has been Dilution, as management has stated. With the "meltdown" in the Financial markets, the only way the company could get working capital to pay bills was secondary stock offering (dilution) much like other compaines like Ford, MGM, ESLR, etc.. or banks to payback their TARP money.. EVEN though MGLG may be a PINK, and HIGH risk, i look at it as a HIGH risk company that has a COMMODITY and INCOME stream in its Natural Gas. Those wearing Rose colored glasses, see UNPROVEN production in the future, that takes HUGH sums of capital to produce. MGLG is a SMALL company, not an EXOM. the areas were the wells are are PROVEN areas, and additional wells will minimally add revenue, and not be a Major find ans the North slope of alaska was in late 1960's Last major find..
Hence in closing either be content with at pps of 1/4 to 1/2 cent or move on FACE reality. rmember this WAS a .0001 company when wells were shut in. eom
GLTA
