I like Mpet! The chart is looking good. Below is a pr (from another source, not the company. From, Sept. second).
MPET -- Magellan Petroleum Corp.
Com V T C (1 Cent)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
bellwetherreport.com: Bellwether Report is Currently Tracking Magellan Petroleum Corp.
Sep 02, 2005 (M2 PRESSWIRE via COMTEX) -- Today the Bellwether Report has identified Magellan Petroleum Corp. (Nasdaq:MPET), a company that our analysts will be tracking over the ensuing weeks. They recently came out with a significant corporate development this month, causing a positive correction. For a full report on the below mentioned company, and many more, feel free to visit www.bellwetherreport.com for a free 30 day no obligation trial.
Recently, Magellan Petroleum Corporation said that its 55-percent-held subsidiary, Magellan Petroleum Australia Limited, made the following release to the Australian Stock Exchange on August 23, 2005: Magellan advises that the Sandhills-2 well reached a total depth of 1,317 metres MDKD. The primary objective, the Great Oolite Formation, was intersected low to prognosis, however, hydrocarbon shows were observed within the reservoir section. Wireline logs have been acquired and analysis of the logs indicated low oil saturations across a 19 metres interval. The Joint Venture has decided to drill a sidetrack well to evaluate the updip potential of the structure between Sandhills 2 and Sandhills 1. Accordingly, the Sandhills 2 well has been plugged back to the 9-5/8" casing shoe (618 metres) and sidetracking operations are now underway.
