bloomberg on gas price uptick, page-3

Let me remind ourselves that on the 14th August the company stated:-
• Comprehensive operational review completed
• Program of works for next six months to bring key wells into production and deliver cash flow
• Prudent staged approach to maximising the most potentially productive wells
• Re-engineering of operations to enhance asset values and maximise returns for shareholders in sale process.

I keep thinking about this announcement. I feel they had Fortis & GS on side when they released this. These targeted wells hopefully will provide cash flow, plus increase MAE's value & ultimately assist in the sale, be it in 6 or 12 mnths time. With GAS prices increasing plus good flows plus Fortis extending loans will mean we have some good news to look forward to.

My thoughts are this.
We will get a decent announcement regarding Fortis or production.
The SP will reflect this & increase.
Then a SPP which will be fully subscribed on the strength of target wells & Fortis extension.

Dont discount the possibility of renewed T/O interest or JV sooner than later should the production of those test wells prove good & sustainable.
MAE has good land from what I have researched & read in brokers reports. Just that they stuffed things up trying to release the gas too quick & GFC set in.

Another positive message was the fact the directors used their bonus to buy shares. This had to be a good vote of confidence in MAE's future.
Next announcement will be so important & mAE is well aware of this

regards
Freespins