Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (17567)	4/21/2006 8:17:37 PM
From: Galirayo	Read Replies (1) \| Respond to of 23958

Ken .. I still like 2.28 and 2.22 .. but the Double Top showing here may take it to 2.02. stockcharts.com You have to teach 'US' how to do that .. ... .. Pleezzzze. That will ease my Pizzieness alot. lol I hope you're on RTK since you helped pick it.

To: Ken W who wrote (17567)	4/26/2006 1:37:29 PM
From: Galirayo	Respond to of 23958

[MPET] I had to Snack on some here. stockcharts.com

To: Ken W who wrote (17567)	10/12/2006 6:42:01 PM
From: Galirayo	Read Replies (1) \| Respond to of 23958

[MPET]Since when did this Profitable Little Pig start releasing "WEEKLY" Drilling Reports ?? .. What a Shocker. Magellan Petroleum Announces Weekly Drilling Report Kiana-2 Thursday October 12, 3:14 pm ET HARTFORD, Conn., Oct. 12 /PRNewswire-FirstCall/ -- Magellan Petroleum Corporation (Nasdaq: MPET - News; ASX: MGN - News; the "Company") releases weekly drilling report on Kiana-2, the first well in its 100% owned subsidiary, Magellan Petroleum Australia Limited's 2006 Cooper Basin drilling program. Kiana-2, an appraisal well, spudded in PPL 212 at 01.30 hrs (CST) on October 1 and at 08:00 hrs on October 11 (CST) was at a depth of 1,962 meters RT and drilling ahead in basement. The forward plan is to drill approximately 30 meters into basement, conduct wireline logging and evaluate for potential open hole drill stem testing. Kiana-2 is designed to appraise the south-western culmination of the Kiana structure approximated 640 meters southwest of Kiana-1. Kiana-2 Details: Petroleum Title: PPL 212, South Australia Location: Approximately 640 meters southwest of the Kiana-1 oil well and 32 km west of Moomba Coordinates: Latitude: 28 degrees 09' 10.32" South Longitude: 139 degrees 52' 02.77" East (GDA 94). Drilling Rig: Century Rig 3 Objectives: Primary -- the sandstones of the Patchawarra Formation which are productive in the Kiana-1 well. Secondary -- the Jurassic Namur Sandstone and Birkhead Formations which are oil productive in the nearby Spencer West and Spencer oil fields. Current Operations: At 08:00 hrs on October 11 (CST) was at a depth of 1,962 meters RT and drilling ahead in basement. Participants in Kiana-2 are: Magellan Petroleum Corporation 30.0% Beach Petroleum Ltd (Operator) 40.0% Great Artesian Oil and Gas Limited 30.0% Forward Looking Statements Statements in this release which are not historical in nature are intended to be, and are hereby identified as, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. These statements about Magellan and MPAL may relate to their businesses and prospects, revenues, expenses, operating cash flows, and other matters that involve a number of uncertainties that may cause actual results to differ materially from expectations. Among these risks and uncertainties are pricing and production levels from the properties in which Magellan and MPAL have interests, the extent of the recoverable reserves at those properties, the future outcome of the negotiations for gas sales contracts for the remaining uncontracted reserves at both the Mereenie and Palm Valley gas fields in the Amadeus Basin, including the likelihood of success of other potential suppliers of gas to the current customers of Mereenie and Palm Valley production. In addition, MPAL has a large number of exploration permits and faces the risk that any wells drilled may fail to encounter hydrocarbons in commercially recoverable quantities. Any forward-looking information provided in this release should be considered with these factors in mind. Magellan assumes no obligation to update any forward-looking statements contained in this release, whether as a result of new information, future events or otherwise. -------------------------------------------------------------------------------- Source: Magellan Petroleum Corporation