Magellan Energy, Ltd. (MGLG)

[SGT ROCK]

Citizen Gas Utility District of Scott and Morgan Counties did not list any of the MGLG properties under their future expansion link.

http://www.citizensgas.org/

Also did not see MGLG mentioned in their Local Natural Gas Production paragraph - does anyone think that - though not mentioned by name - that they might be counted as one of the local gas well production stated in the last sentence?

In addition to the natural gas storage fields, Citizens Gas Utility District has several sources of natural gas available. Citizens Gas receives its natural gas supply from the East Tennessee Gas Pipeline which is owned by Duke Energy, Delta Natural Gas, Inc. in Kentucky, Columbia Natural Resources from both Tennessee and Kentucky, as well as local gas well production in Scott, Morgan, Fentress, and Anderson Counties in Tennessee including local production from McCreary County, Kentucky.

Also noted that MGLG Web Site states that they are members of Tennessee Oil and Gas Association but did not see MGLG affiliated with them with any of the other companies.

However, I did notice that Bill Goodwin is listed there as and listed as one of their past presidents.

Bill Goodwin*
Ky-Tenn Oil, Inc.
P.O. Box 499
Helenwood, TN 37755
423-663-3846

Thought I'd pass along. Still hoping, but starting to think this company will never bring any fruit to the table. Will continue to HOLD...