This stock is starting to fly, possible harbinger of a huge hit. Second time I mentioned this as a great gamble. Click on link at the bottom.
MARAUDER RESOURCES Quick Quote: MES 1.40 (+0.20)
Marauder Resources East Coast Inc.: News Release 11/21/05
CALGARY, ALBERTA, Nov 21, 2005 (CCNMatthews via COMTEX) -- Robert V. Shields, President of Marauder Resources East Coast Inc. (TSX VENTURE:MES), is pleased to announce that the Rowan Gorilla VI jack-up drilling rig has spudded the Encana/Marauder Dominion J-14 well at 20:00 hrs, Nov 18, 2005. Encana as operator of the well, located offshore Nova Scotia, anticipates the drilling program will take approximately 50 days to complete.
The well is expected to evaluate a prospect along trend with the Deep Panuke natural gas discovery where existing wells have production tested at rates in excess of 50 MMSCFD. In addition to the J-14 location, other leads have been identified on Exploration License No. 2357.
Subject to the terms of the farmout, Marauder will earn a 20 percent working interest in Exploration License No. 2357 after the drilling of the well has been completed, and will have net holdings in the license of 6,423 acres.
Marauder also owns a 50% working interest in the Balmoral Block that has a potential drilling location along trend with the Deep Panuke discovery called Wolfville N-32. The N-32 location is situated between J-14 and MarCoh D-41, a successful well with 100 m of gas bearing reservoir that was drilled during the summer of 2003.
manny, You are right. AXJ was one of my picks earlier in the year. I got out when the stock broke down technically. Todays news is huge. I'm back in. This news is far greater than the news back when it made that last big run. The chart shows no resistance until $2.50.
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