re:gas prices and cash flow, page-9

"I do this" should read "I do this research" in my previous post. Summary of Maes position : It looks like it will shortly have 8 wells selling gas until March at (say) $6 (perhaps more if the winter turns COLD)per 1000cf. Will that make it "self-funding? I wont post the math but at 20 million cfpd it is a very tidy sum. They say they HAVE a second rig -seems they could now have enough income in sight to operate it without more share issues. The winter gas prices will start to deteriorate at about the same time as the new section of Rex starts up - lovely timing for Mae as that will put something of a prop under Marions new-found income stream. A new reserve figure will be out soon-its got to be good (see Alecfras post). And that is about it. There is fundamental value there miles in excess of the current S.P. There are also risks- that the production wont match the expectations, that production could be delayed by the onset of winter,Rex might not start up when expected,natural disasters etc.etc. The next ann. from the Company should give us a bead on where they are at -any significant delay or problem can delay the good news into the Spring. Heres hoping that the Utah weather allows the last 2 tie-ins before the weather turns nasty. Cheers