Just read the Carmichael research paper on the forthcoming well. They have NWE and ADI as the best entries. Assuming they make a discovery, NWE, according to their figures, could become a 7 bagger i.e .145 cents to $1; BUY could be a 6 bagger ( .099 to .59); ADI would be a 5 bagger .29 up to $1.54.
All pretty impressive figures but they discount BUY somewhat, presumably because its a bit short of cash.
Personally, I prefer ADI because there are fewer shares and it has some exciting overseas leases to fall back on if Magnolia is a flop.Other opinions please.
best magnolia entry?
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