MAE 0.00% 0.0¢ marion energy limited

reasons for a bounce, page-3

  1. 203 Posts.
    Must say Kooks, i expected better than that, I'm afraid ive been trained to look for holes in ppls arguements and here's your major one:

    "We actually have:

    • Total Proven reserves are 139.28 Bcfe
    • Total Probable reserves are 85.51 Bcfe
    • Total Possible reserves are 18.24 Bcf
    • Total 3P reserves are 243.03 Bcfe

    = 485 Billion Cubic Feet.
    The discrepancy has come from us now having 4 categories (as noted just above) instead of just 3."

    WRONG WRONG WRONG WRONG WRONG

    139.28+85.51+18.24 = 243.03 = 3P

    THERE ARE NOT FOUR CATEGORIES. 3P BY DEFINITION MEANS 1P + 2P

    I'm pretty sure this wasn't deliberate, but you really need to learn the basics here mate
 
watchlist Created with Sketch. Add MAE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.