MGM explains last year’s dry hole costs
MGM Energy, the lone current explorer in Canada’s Arctic, added a net loss of C$100.16 million last year to the C$62.33 million it reported in 2007, but paints an upbeat picture of its activities.
Company President Henry Sykes said in a statement that MGM, unlike most Canadian juniors, uses “success....
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Langley discovery written off
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