Magellan Energy, Ltd. (MGLG)

[WhatsInIt4Me]

to play the optimist, We were supposed to get production numbers from the wells they had to put a compressor on to blend the high btu gas w/ some lower btu stuff. But right as we were supposed to get those numbers they announced the lankford lease properties which effectively doubled the drilling sites magellan has rights too. It is my opinion that they have not produced numbers for production because they want to bring all the wells to potential getting averages for the total operation rather than just the wells hooked to the compressor to handle the btu issue.

Anyway i know there are a myriad of retorts to my statements but im feeling good today so that's my opinion! Good luck to all!