Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: victorw who wrote (53198)	10/19/1999 10:21:00 AM
From: ItsAllCyclical	Read Replies (2) of 95453

Slider good call on MLRC. Got some at 6. Trading close to march levels. Everytime it's hit this area it's bounced off. Lastly what sealed the deal was this... >> Mallon has identified the potential for more than 300 billion recoverable cubic feet of natural gas net to its interest on its East Blanco and La Jara Canyon acreage blocks in the Ojo Alamo, San Jose, Nacimiento and Pictured Cliffs formations. This undeveloped gas potential equals more than 3.3 times the Company's 1998 year-end proved reserves. << It should easily trade back to 9, but a few hits on this acreage could send it soaring... Just hit the wire...they're going to be selling 4 mil shares in a secondary to raise money thereby increasing the shares outstanding by close to 50%... Ok, I'm selling half.

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