mmmmmmm a very tasty 1.050.476 at 1.8 cents , page-26

To discuss the last post further,

This brings up a few points:
1: The Value of MHL leases,
2: Value of Data that is already collected on the leases
3: Value of the work going on around the leases that MHL holds.

All of those are intangible values but none the less are maybe worth a lot more than what we are sitting @ the present time.

My take on the reading that I have been doing is that:

Yes, MHL is in an area surrounded by others that are spending large amounts of money to retrieve oil from existing proven deposits.

Yes, we do have leases signed up.

No we don't have money.
No we don't actually have a JV farm out deal as yet.

But, our management have worked these angles before and have been successful in previous endeavours.

So the million dollar questions is:

Is the paper work that got Scott interested in being a part of MHL in the first place worth his time and effort?

Can the rest of the team turn it into a company that we will continue to follow and invest in?

Hard questions to answer at this stage as I am not allowed in to the office to go thru the paperwork.. LOL