Mereenie will help Central if that Interconnector pipeline is built but, just like HH, none of this may help Magellan unless they can sell part of these stakes.
Please refer to your comment about reports being bought by UKOG. You are a chump for not staying on point. Was S bought off to give a good report or not?
Aaah, wildbeeny, perhaps you should refer to an earlier avi post in which he flat out asserts that anyone can be bought for a good report (in this case about HH-1). It is to that that I am referring, not the current situation with Magellan. Too bad you must use a variation of the real wildbenny name to distract from the point of my message.
OIP about 70% higher than originally estimated. This time the report comes from Schlumberger not Nutech. Hints by avi that any company can be paid (is he claiming bribed?) to give a good report seems to indicate that naysayers are running scared. This may end up proving to be of no value to Magellan at all but it may also give Magellan an asset they can sell if they can stay in business.
All companies involved with HH-1 have been temporarily suspended pending news. Is it possible that this has "The One" scared spitless because it could mean a huge boost for Magellan? Nobody knows what the news will be and David Lenigas of UKOG (normally known for being overly ebullient about prospects) is being very quiet.
Announcement pending. Rumors are wild on the boards from "It's a Bust" to "Buyout by International Major" to just the upgrade in reserves that has been rumored for weeks.
Don't know that a reverse split can do any thing more than keep a listing on NASDAQ which at least gives the image of being more respectable than BB or an exchange like AIM or the Vancouver curb exchange (if that still exists). It certainly does not solve the fundamental problems of minimal cash balances and low oil prices.
Oh really phony carson? Stop trying to make people think you are someone else. The post may well be on Investor's village--does not mean you should editorialize on the post by pretending to be someone you are not.
Perhaps they think they can find a buyer for the whole shebang if they are listed on a nationally recognized exchange. I have had three stocks that went to theOTC BB and two never made it. One did and is doing quite well back on the NASDAQ.