I really don't think it will matter what the production numbers are b/c let's be honest, everyone has been waiting with their finger on the buy trigger at just the site of numbers. Also, when it is obvious that the PR containing numbers is out, the rush will come and most likely 99% won't have a clue what the numbers mean as they are jumping into the stock. Most who will buy on the release of numbers won't know if the numbers are good or bad b/c they won't understand what the gas terminology is or what is a good number vs a bad number. So, IMO just release numbers and it will fly.
Now, to your other point on the update, if they said they were buying back shares, then yes, that would be positive and certainly should create a run. Although I can't ever see MGLG buying back shares being in such a cash intensive field. They need all the cash they can get to work these wells, so IMO there is no way they ever buy back shares. A reverse split is too easy for them.
With regard to the Martin waterflood project, I don't think they are going to work that anymore until they have money coming in from gas. Keep in mind, since the last run to .0027, there have been 2 PRs that came out that mentioned other projects and didn't create much of a pop at all. I just think everyone is "over it" and only the numbers will please them after waiting and waiting and waiting.
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