Ann: Well workover program expanded by 5 extra we, page-26

re: Ann: Well workover program expanded by 5 ... what they do know, is that the old wells produced,,,and by the looks, 5 of them are in good enough shape, to only need some surface end touch ups.

now as for hydrates,,,thats something that troubled MAE's newer wells, while they suggest they have a handle on this.

What you need to start thinking about, is what happens if poe they are able to spend a few dollars on these old wells and they do flow.

What then?? while you might color your thinking on the negative,,(and probably fair based on MAE's performance pre introduction of Jay stratton) keep in mind,,that these older wells were prolific producers, and were turned of due to low gas prices, not produciton issues.

And had nothing to do with MAE former mis-managment.

And that while MAE's new wells continue down their remidal paths,,,quite possible, that these older wells could suprise, and skip the ahead of the troublesome nature of the newer ones

How about this...
- Revenue.
- Proving gas is still there, and can flow.
- IRR.
- There are two buyers in waiting,,to see demonstration of flows.

If the light starts to come back on to the market, that demonstration of flows would tick the boxes of buyers waiting,,,4 something cents will seem like opportunity lost.