By the way, you can't sustain a drilling program forever without cash flow. MAE Directors are doing the right thing. Get stabilised production going, presumably at 30mmcft/day (all operations) and then use the maximised cash flow to fund the drilling program. At 30mmcft/day, we're talking monthly revenue of $6-7M based on spot price of $8-9 per thousand cft.
- Forums
- ASX - By Stock
- MAE
- investor presentation pending on asx
investor presentation pending on asx, page-9
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online