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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: The Ox who wrote (61800)3/8/2000 1:51:00 PM
From: Think4Yourself  Read Replies (1) of 95453
 
I HATE to say this (VBG) but I think Slider may be on to something here with MLRC. Last SEC report had 1,400 MMCF of NG production. The 20 new wells brought online recently add 736 MMCF per quarter. THAT'S A HUGE INCREASE. They are also drilling twice that many more wells this year. By the end of the year they could easily be producing at 2-3 times last quarter's levels.

There are risks, of course. Recommend doing the DD. Snagging 2000 shares at $3 7/8 made it an easy decision for me. I'll do it again if the opportunity comes up.
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