MAE 0.00% 0.0¢ marion energy limited

marion's producation data until dec 08', page-31

  1. 52 Posts.
    Lautrec,

    Thankyou for the consistency, as I have now understood how the gas data reads, my mistake and my apologies to you and fellow posters. I guess now I can calculate the cumulative gas production being 312 million cubic feet of gas fromm the 17 wells so far. In saying that, they have not reached any substantial daily milestone of gas production that they have been saying is imminent for so long.
    I have just done a calculation on all 17 wells producing in Nov & Dec 08, It totals just over 42 million cubic feet of gas over the 2 months, so if we divide this by approx 60 days, it gives us an average of 700 thousand cubic feet of gas per day, stiil a long way from 20 million cf/day. Still this water problem seems large, 80 million litres up until Dec 08.
    Over $100 million dollars in costs for a return(revenue) of less than $3 million, still a very frightening investment IMO.
 
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.