Replies to post #24838 on Magellan Energy, Ltd. (MGLG)

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Any idea what kind of projections we will get?
What will they do to the stock?
MGLG only gets a cut of the gas production.
One PR siad they were getting $150,000 a year from the well. That dosen't seem vey much.
"mill" is a huge company compaired to MGLG and its only .34 a share.
Also they don't have 30 billion shares out there.

Can this stock every go into penny land with 30 billin shares?