May be talking to myself here .... what might MKE be worth if...

May be talking to myself here .... what might MKE be worth if Encana are right and the Duvernay shale in Alberta is the new Eagleford shale?

MKE hold rights to about 40000 acres in this new play which they picked up on the cheap, ironically targeting a different play, the Rock Creek member.

The Rock Creek is an oil play which only recently has attracted interest with a few horizontal wells drilled and the Duvernay is a liquid rich gas shale which produces 50-200 barrels condensate/ oil per 1 mmcf ( Encana press release) being the target play in the recent record Alberta lease sale.

With a small float ( 110 million shares but only 60 million quoted) , upcoming Canadian listing MKE look to have a high leverage to tha Albetra oil patch.

Got in a bit early but happy to ride this one.