MGRA a good OIL play?????

[max2007]

got this in my email, thought i would share....

MGRA has finished up the negotiations and announced the acquisition of mineral right to a lease in Coricana, Texas. This lease includes two workover wells which allows MGRA to start producing oil quickly.

Billy King, President and CEO of MGRA, stated, "Our Workover Program is progressing ahead of schedule with the addition of these two wells and closing on a multiple of others in the near future the goal of fifty by years end is closer to reality." The Company is currently assessing more then 25 wells in the Corsicana area.

MGRA's initial goals are 10,000 barrels of oil per month. With oil prices continuing to push new highs and MGRA trading at a low, I believe MGRA could be a huge oil play.


anyones thoughts????
its trading a .025 and droped 16% :?

Max

[Luc1Grunt]

Looks really good.

[optiuser7]

y do you say that its really good , is it a good buy at 0.02 ?

I have not traded penny stocks...

When u say gud , any news that it will move higher today ?

[Luc1Grunt]

y do you say that its really good , is it a good buy at 0.02 ?

I have not traded penny stocks...

When u say gud , any news that it will move higher today ?

Jeeesh, you want an opinion and then a reason to back it up?

That's asking a little much if you ask me.

Why not trust the e-mail?

By the way, I don't believe I said "gud".

[microhedge]

hototc.com picks are touchy, he makes a lot of claims that are not his to make.

MGRA could be good, its a risk like any other penny... potential but a hideous downside

[Luc1Grunt]

hototc.com picks are touchy, he makes a lot of claims that are not his to make.

MGRA could be good, its a risk like any other penny... potential but a hideous downside


So much for risk/reward eh?

[TonyM]

There is some good comedy relief here lately, almost missed this gem.

[max2007]

heres some news:

October 4th, 2007-- Monogram Energy, Inc. (PINKSHEETS: MGRA), an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, is pleased to announce that the company has acquired the mineral rights to the Warner-Wilson Lease located in the Corsicana, Texas area. The Company is planning multiple wells to be drilled at this location. This is in keeping with the company's intent to attain as much production as possible in the Corsicana area.

"This is our first of many leases we are evaluating for the New Well Program. With the conclusion of negotiations and closing of the Warner-Wilson Lease our Company is further positioning itself as an aggressive consolidator of oil properties," stated Billy King, President and CEO of Monogram Energy.

Mr. King continued, "Our Workover Program and New Wells Program are the key elements to our long-term growth plans and to have them both moving forward positions our Company ahead of timetables set out in our business plan."

Corsicana is located in Navarro County, Texas. The first commercial oil well west of the Mississippi was drilled in Corsicana in 1894. There are currently around 700 producing wells in Navarro County, and many of them have been producing for 40 years. The county produces around 600,000 barrels annually.

[max2007]

The stock seems a bit risky, does anyone think it till hit its target of .58?


Max

[Luc1Grunt]

The stock seems a bit risky, does anyone think it till hit its target of .58?


Max

Oh hell yes it will reach that target.

Almost guaranteed.

Kind of concerned about 200,000 shares sold so far this a.m and it is only at $.019

Someone spent a whopping $3800 so far.

But who profited I wonder.

If it doesn't pan out in the short term, consider it an investment and hold for a few years. Cheers mate. :lol:

[max2007]

The massive sell offs is exactly what im concerned about. if everyone is jumping ship, why should i get on board. haha

thanks for your input, will be keeping an eye on it for sure

[Luc1Grunt]

The massive sell offs is exactly what im concerned about. if everyone is jumping ship, why should i get on board. haha

thanks for your input, will be keeping an eye on it for sure

Too many good stocks to make money from Max. This is a little low on the food chain.