Quoting flowrates is not the point .
The wells drop quickly from their initial production and every time they pause drilling the overall production falls rapidly .
It is all about MONEY not production rates .
Can they maintain production and produce Free Cash Flow at the same time?
The next quarterly and the one after that will tell us .
We need to ask ourselves , why has the paid for Puff Piece Analysis been proven to be so wrong ?
It has certainly not been Energy prices as they have averaged over the expected prices at the time of the analysis .
The obvious conclusion was the expected well performances the Annalists were given was far too optimistic .
I hold because a company making Montney Announcement could come at any time .
Until that happens we are at the mercy of the Energy Prices and the peculiarities of the extremely woke Canadian Government and the environmental laws and First Nation Rights .
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Quoting flowrates is not the point .The wells drop quickly from...
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $79.13M |
Open | High | Low | Value | Volume |
12.8¢ | 13.0¢ | 12.5¢ | $31.47K | 247.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 19452973 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 3391106 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1857699 | 0.130 |
15 | 19452973 | 0.125 |
7 | 1764200 | 0.120 |
2 | 90000 | 0.115 |
1 | 50000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 1035500 | 2 |
0.130 | 14550010 | 45 |
0.135 | 2058850 | 18 |
0.140 | 110988 | 1 |
0.145 | 10000 | 1 |
Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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