bakken the goldmine

Hi guys,

Looking at the latest presentation I have to say the bakken investment looks better by the day, and will become a little goldmine for MPO.

The presentation is poining out that $50 million will be spend to drill 25 holes which will give us at say 125 barrels on average per day for each well around the 3125 barrels in total per day.

Because we have sweet light oil we can sell this oil at a premium price at say on average $80 per barrel.

This gives us $250.000 per day, and with say about $20 per barrel on production cost still gives us $187.500 per day.

We would have paid back the cost of drilling in less then 1 year....

Not a bad investment by buying this acreage for less then $30 million.

I am sure the shareprice will soon follow the good news, as for now all MPO has to do is keep sinking in these new wells to boost production.

Very low risk but high rewards thanks to the new horizontal drilling that gives oil fields like Bakken a total new lease on life.

good luck to all.

jojo