MMT.v/MAUXF released a VERY NICE quarterly report this afternoon. Great Q2 production (especially compared to Q1, which was a bust). Excellent writeup on accomplishments and plans. New item is plan for the new rig to re-enter UMU-8 and drill to deeper sands, supporting new reserve estimates. Of course UMU-10 and UMU-11 results will add to the reserves, too. After drilling UMU-8 to depth they will commence with re-entering a couple of other existing wells and turn them into producing horizontal. Good plan; nicely laid out; best quarterly report I remember seeing in quite some time. Should move the stock Friday (or I'm just whistlin' Dixie).
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