marion's producation data until dec 08', page-30

Yep.

Thanks Red, the confirmation/reply from someone other than a usual critic of MAE was the call of the day.
Thanks for that.


For the record, i dont think they said it with any deliberacy as they are obviously convinced about waht they mantioned last week.
I was seriously concerned that the poster may have been misinformed. I offered some of my research due to working on it all weekend. I would hate to think thsat someone has discounted us by a thousand times because in the end they wouldnt be very happy.

We have acerage on the back of another company who has approx 20 wells diirectly behind us that have historically produced up to 40million cubic feet flow rates per month since 2002 roughly. They are in our formation, we are in theirs and a fracture or two degress of separation is all that divides us on the Lat/Longitudinal map of the are.
About 50hrs of research and you wil be able to draw a ring around our acreage and plot the surrounding flows of our nearology. Its not a bad excercise to understand what you own and what it should be worth (in a fluxing market - I still believe $2 but that is not a ramp as nothing is certain in anyones world).

I think people need to realise that MAE turned off their taps. Thats control. Thats not desperation. It was done for a sale to preserve money until more wells come on line and we are in a stronger position to work with costs i feel - after fist documenting, demonstrating and proving flow rates (some pre-production and some intermittent) over 2 yrs. Those details were released as pertainent to market and now things have gone quiet.

I think i know why...i think its because we are close to a sale.


Lautrec