Magellan Petroleum Corp. (MPET)

[biomanbaba]

I like How Mr Wilson thinks;


"As we move forward, my focus will be on realizing the value of our existing assets and operations, since I believe very strongly that they offer the surest path to generating outsized shareholder returns in the near term. Today our shares trade at a valuation approximately equal to our cash balance (including the Santos asset swap proceeds). This is nonsensical and implies our extensive asset portfolio has little to no value. Based on our acreage, our proven reserves, our existing production (including the soon to be completed Markwells Wood well in the UK), and our long-term GSA at Palm Valley (greater than $100 million over 17 years), we should enjoy a significantly higher share price than we do currently. In addition, there is considerable option value embedded in our assets, such as from the CO2-EOR program or the undeveloped formations at Poplar, or our vast UK shale acreage. Any of these alone could change the order of magnitude of our valuation. I discuss these assets and activities in more detail below:"

SOUNDS LIKE TIME TO LOAD THE BOAT