MGM posts big Canol numbers
Small northern explorer also involved in discussions to sell all of outstanding shares to Paramount Resources, which holds 13.9%
For Petroleum News
MGM Energy, the little explorer than has operated far above its punching weight in Canada’s North since being formed seven years ago, is on the verge of returning to its corporate roots just as it adds to growing evidence of a huge shale oil resource in the Northwest Territories Canol play.
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Cash through mid-2015
Recoverable not determined
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