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Message Boards Settings MEGAWEST ENERGY CORP (MGWSF.OB) - Quote Info
Real Facts about SW Missouri     13-Nov-08 11:06 pm    
Mega is losing their tails DAILY! Fact-They have only sold one load 150 BBO in August. 2. Break even point is around $94 a barrel, varies slighty. 3. No mention of major Parrfin issues. 4. Refinery doc fees are $20 bucks per barrel for bad oil. 5. Pick-up fee is $7 bucks a barrel. 6. Estimated per well cost daily is $60 bucks a for gas & power not including the doc fee for the crappy oil, break even is not reality. 7. Recovery rates are no were close to mangements forecast-liars.

Bottom line- With Oil @ $60-$20 doc fee for bad heavy oil-$7 pick-up fee! Net return is $33 a barrel-With Oil trading @ $60 off WTC equals a per barrel loss of $27 per day, production is a local joke. With Grassy Creek pumping very little, Mega is losing 30K per day if not more, do the math???? Operations will shut down till oil hits $94 again and thats only break even.
It's a major loser especially with natural gas being high and climbing while pumping all that Hot Steam, sounds like mangement on a press release-Don't be hood winked!

Chittopa KS operation is dead-shut down with a big eye sore in town. KCC is not real happy with Mega. It ain't looking good for the Canadians in Middle America.
I see it every day sucking air!!!!!!!!!!!!!!!!!! Bad Air


Sentiment : Strong Sell
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cmdiffett


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  Subject Author Rating Time of Post (ET)  
 
Real Facts about SW Missouri
cmdiffett (1 Rating) 13-Nov-08 11:06 pm  
 
CM Different, CM, You are right about your facts...
kcfactor Rate it 15-Dec-08 08:51 pm  
 
kcfactor. Just curious, how can you pump the...
roamingtheo... Rate it 16-Dec-08 07:08 pm  
 
steam
craigswank Rate it 20-May-09 09:50 am  
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(MGWSF.OB)

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On Dec 18: 0.15 Down 0.02 (11.76%)
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