Replies to post #33995 on Magellan Energy, Ltd. (MGLG)

[ordinarydude]

Ok.

Ordinary

[Das-Heffernan]

3 BILLION in revenues?

Have any of you done the math on how much would have to be pumped out of each well (which they are re-capped wells) at market price of NGAS or OIL, then you have to figure out what % MGLG gets because they don't OWN the wells, they own a SHARE in the wells.

3 Billion seems a bit exessive to me.