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Magnum Hunter Resources Corp. Message Board

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  • rrb1981 rrb1981 Feb 1, 2011 11:24 PM Flag

    MHR chart looks ready to go

    We are certainly building a base in the $7's. Seems to have found its footing. Now all we need to do is be patient and wait till the NGAS and NuLoch deals close.

    Also, we should be getting info on the Marcellus wells soon. Then we will retest $8.00/share.

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    • I think that Gary mentioned in a confernece call or presentation that he wanted to get away from doing press releases on a well by well basis. If so, then I wonder how we will hear about the recent completions. I guess the news will come with the 1st quarter report (mid May??) or after the NGAS and Nulock deals close.

      Just curious about the timing of additional news on new production and reserves. Maybe they will do a monthly update or add it to the presentation layout that they place on the website.

      We'll see.

      • 1 Reply to bigbuilder13
      • The statement below was from Glen Dawson of Nuloch during the January 19th conference call. There should be a press release on this deal soon.

        "We are continuing to add to our land position in both Canada and the United States. And we will be – we have signed up another deal in Burke County, and we'll be identifying and press releasing that deal when it closes, probably in the next two weeks, which will be a significant addition to our Burke County acreage where our first well, the Gustafson, was one of the best well we've drilled in a play to date."

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