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Magellan Petroleum Corporation Message Board

  • willyworld07 willyworld07 Feb 25, 2014 11:28 AM Flag


    Thank you for your efforts. I've learned more about the day to day activities of MPET from this message board than anywhere else. All of us shareholders need to hold this present management responsible for their actions or lack there of.

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    • Many thx. MPET is a dog's breakfast of conflicts, incompetence and double/triple dipping. The assets' geologies, however, are gprgeous. We shareholders are in a real knife fight and will be lucky to make anywhere near current NAV or the assets' blue sky potential.
      I have come around to think of Message Boards as the most underutilized form of communication amongst shareholders (and managements as well). So as long as we keep it clean; honest; and informative, we can elevate MB's to a much higher standard---see KIPS and UAMY wherein both the managements and the respective assets match up in harmony.

      Thanks again.

      • 1 Reply to herbert.denton
      • Hope I am not detecting too deep a note of pessimism in your reply to willyworld07 Bert. It seems to me that the NAV of our properties can only be fully realized with success in drilling so the 100 dollars an acre in Sussex is ridiculously low but, without proven or probable numbers from drilling, it is hard to determine a fair value. I have no idea what the NT lease is worth. Perhaps zip if we cannot find a partner to drill and finally much of Poplar's value rests on the CO2 project which is still a year away from fruition if successful.

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