Replies to post #34882 on Magellan Energy, Ltd. (MGLG)

[WhatsInIt4Me]

to play the optimist, We were supposed to get production numbers from the wells they had to put a compressor on to blend the high btu gas w/ some lower btu stuff. But right as we were supposed to get those numbers they announced the lankford lease properties which effectively doubled the drilling sites magellan has rights too. It is my opinion that they have not produced numbers for production because they want to bring all the wells to potential getting averages for the total operation rather than just the wells hooked to the compressor to handle the btu issue.

Anyway i know there are a myriad of retorts to my statements but im feeling good today so that's my opinion! Good luck to all!

[heelsgo1]

Yea, it HAS to be good news since they waited sooooo long. MGLG (Karen) told us we're getting an "update" after all this time, so that HAS to be good news. I am sure we'll be going to the moon soon right? I have my finger on the sell button can't wait for all the action when the news that HAS to be good gets here. Most companies that continuously push back the promised information to their shareholders in the Pink Sheets give awesome, great, earth shattering news when they finally "update." (laughing while typing)

FYI when Pinks "update," they are giving shareholders excuses why they haven't and can't deliver what is promised. If they have real news and they are done delaying, they put out a NEW(s) release. I can't wait to see who/what MGLG blames the 3 going on 4 month delay on... they've had a long time to come up with a really good excuse. I hope they are creative. I am actually giddy waiting to see the excuse... I can hardly contain myself.