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Linn Co, LLC Message Board

virtua98 12 posts  |  Last Activity: Jul 17, 2014 4:15 PM Member since: Mar 13, 2002
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  • The success of U.S. Shale Gas & Oil Production gives U.S. Business a BIG advantage over Europe and UK—Apparently putting 30 million jobs at risk in Europe. When this “soaks in” to the environmentalist wackos and the politicians they will sober up.---Survival !
    Obviously this bodes well for MPET.

    Sentiment: Strong Buy

  • Reply to

    The Street

    by wright.tom64 Jul 11, 2014 9:50 AM
    virtua98 virtua98 Jul 11, 2014 11:51 AM Flag

    All the better for MPET since we have NO assets in any of those places. Makes ours even more valuable !!

    Sentiment: Strong Buy

  • Reply to

    Yahoo's 1 year target for MPET

    by networthgrowing Jul 8, 2014 5:35 PM
    virtua98 virtua98 Jul 11, 2014 9:34 AM Flag

    “The Street” just stated “MPET now has a major support at $1.92 with possible brakeout to $3.50”
    I add the following thoughts:

    600,000 Shorts to Cover
    After 2 Conferences--on 06/30 $2.20 on 737k volume
    Oil $100—Islam-Syria-Iraq-Sunni/Shia 1400 years
    Horse Hill 1 spud July---Results in August--$100 million ?
    Celtique—Spud ??--Weald $265 million ?
    Sept.--Poplar Preliminary $150-$300 million ?
    Sept.--Annual Report
    CPT—Currently at Low—Added Helium Potential
    Australia Offshore Partner--$35 to $135 million ?
    Bakken/3 Forks--$100 million—also Nisku Rework Possible ?

    $650 million = $9/share---Attempted Private or Takeover at $5/share ??

    Sentiment: Strong Buy

  • Reply to

    I truly do not understand

    by wright.tom64 Jun 9, 2014 11:48 AM
    virtua98 virtua98 Jun 9, 2014 12:43 PM Flag

    Don't waste time with them----- IGNORE THEM COMPLETELY

    Sentiment: Strong Buy

  • Reply to

    ENERGY

    by babsie32 May 30, 2014 7:41 AM
    virtua98 virtua98 May 31, 2014 10:54 AM Flag

    The Updated British Geological Survey of the Weald Shales is a lengthy 89 page bureaucratic government document. Even though it estimates that there is 2.2 billion bbl of Oil (P90) in Place, it spends most of page 63 Conclusions discussing water proximity, Forest Beauty, safety, drilling under villages, and environmental sensitivity. The Survey calls for more data and does not estimate Recoverable Oil. The survey is a typical no risk document prepared by academics and government with Heavy emphasis on environment issues and no recognition of the UK need for energy.

    The recent Purchase by Total of 40% of 59,000 acres with limited exploration/data for $50 million
    is MUCH more meaningful than the BGS Survey. $2,119/acre applied to MPET's 125,000 acres is $3.73/share----Not counting70,000 acres with Horse Hill 1 to spud in July.

  • Reply to

    BGS report

    by wright.tom64 May 23, 2014 7:32 PM
    virtua98 virtua98 May 30, 2014 1:48 PM Flag

    The Updated British Geological Survey of the Weald Shales is a lengthy 89 page bureaucratic government document. Even though it estimates that there is 2.2 billion bbl of Oil (P90) in Place, it spends most of page 63 Conclusions discussing water proximity, Forest Beauty, safety, drilling under villages, and environmental sensitivity. The Survey calls for more data and does not estimate the
    Recoverable Oil. The survey is a typical no risk document prepared by academics and government with Heavy emphasis on environmental issues and no recognition of the UK need for energy.

    The recent Purchase by Total of 40% of 59,000 acres with limited exploration/data for $50 million
    is MUCH more meaningful than the BGS Survey. $2,119/acre applied to MPET's 125,000 acres is $3.73/share----Not counting70,000 periphery acres with Horse Hill 1.

    Sentiment: Strong Buy

  • virtua98 virtua98 May 29, 2014 3:47 PM Flag

    BGS Survey of UK Weald on 05/23 estimated Oil In Place of
    2.2----4.4----8.6 billion bbl (P90---P50---P10). IF Assume Only
    10% of the 90% probable 2.2 billion = 198 million barrels recoverable.
    IF Assume Celtique/MPET Leases are only 50% of this, then MPET's
    50% of that = 49 million barrels at $6/barrel Present Value = $290 million.
    $290 million divided by 72 million (Diluted share count) = $4/share for UK

    Recall the actual Total purchase “Applied to MPET's Core Weald” acreage
    was $265 million = $3.73 per share and did not include periphery 70,000 acres
    where Horse Hill 1 well is to complete by August—May add $80 million
    Core Weald + Periphery = $345 million = $4.80 per share for UK

    It will be interesting to see if MPET changes the UK estimate for the
    ENERCOM Conference in London on June 10th.

    Sentiment: Strong Buy

  • Reply to

    BGS report

    by wright.tom64 May 23, 2014 7:32 PM
    virtua98 virtua98 May 27, 2014 11:42 AM Flag

    BGS Survey of UK Weald on 05/23 estimated Oil In Place of
    2.2----4.4----8.6 billion bbl (P90---P50---P10). IF Assume Only
    15% of the 90% probable 2.2 billion = 330 million barrels recoverable.
    IF Assume Celtique/MPET Leases are only 50% of this, then MPET's
    50% of that = 82.5 million barrels at $6/barrel Present Value = $495 million.
    $495 million divided by 72 million (Diluted share count) = $6.80 per share

    Recall the actual Total purchase “Applied to MPET's Core Weald” acreage
    was $265 million = $3.73 per share and did not include periphery 70,000 acres
    where Horse Hill 1 well is to complete by August—May add $120 million
    Core Weald + Periphery = $385 million = $5.40 per share

    MPET's Total $6.30/share included only $129 million for UK
    IF add 385 – 129 = + $256 million = +$3.60 to the $6.30 = $9.90/share PV

    Sentiment: Strong Buy

  • Reply to

    BGS report

    by wright.tom64 May 23, 2014 7:32 PM
    virtua98 virtua98 May 25, 2014 12:29 PM Flag

    BGS Survey estimated 4.4 billion barrels of Oil in the Weald Basin
    What could MPET's Weald Recovery and Present Value be ?
    Assume Only 10% of 4.4 billion actually recoverable = 440 million barrels
    Assume Celtique and MPET's leases are only 50% of this = 220 million
    MPET's 50% with Celtique = 110 million barrels
    110 million barrels at $6/barrel Present Value = $660 million
    $660 million divided by 72 million (Diluted share count) = $9 per share

    Note that MPET's chart Total “Net Asset Value” of $408 million valued the
    UK at only $129 million. IF replacing $129 with $660 million for UK
    the $6.30/share becomes $13/share. It will be interesting to see if MPET
    Increases UK on this Chart for the ENERCOM Presentation in London June 10th

    Sentiment: Strong Buy

  • Reply to

    MPET Ownership

    by networthgrowing May 16, 2014 3:51 PM
    virtua98 virtua98 May 19, 2014 5:17 PM Flag

    Current Fully Diluted Share Count : 45 + 20.1 One Stone + 7 Options = 72.1 million
    One Stone 20.1 + Institutions and Funds 12.73 + "Insiders" 11.53 = 44.36 million
    One Stone = 27.9% of diluted Institutions = 28.1% of 45 million, but 17.7% of diluted
    Insiders + Options = 25.7% of diluted.
    BOTTOM LINE strong hands and Small Float

    Sentiment: Strong Buy

  • Reply to

    Stock Purchase

    by virtua98 May 15, 2014 11:48 AM
    virtua98 virtua98 May 15, 2014 12:10 PM Flag

    pretty clever attempt while ignoring the facts

    Sentiment: Strong Buy

  • virtua98 by virtua98 May 15, 2014 11:48 AM Flag

    The Market OverReaction to the Quarterly Report by short term traders has created a real opportunity for MPET management to follow through and spend the $1.9 million available from the stock purchase
    authorization. Management has conservatively valued the company at $6.30/share, has wisely used cash to pay the preferred dividend, and has stated cash is available for all planned activities. The stock purchase authorization expires in August. Management should support the stock price now.
    This would benefit everyone including management. Now is the time or forget it.

    Sentiment: Strong Buy

LNCO
30.20-0.25(-0.82%)Jul 24 4:00 PMEDT

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