Ann: Targets Gas Production of 15 mmcf per day b, page-14

re: Ann: Targets Gas Production of 15 mmcf pe... Thanks to all, a very helpful discussion.

Kiwi, aren't you being a bit harsh, suggesting costs of $20m pa. Currently these re $3m per quarter, so by end of year about $10m might be more realistic.

You also mention: "SH have chipped in $120 Mill and lets say rate of return is 10%", but there is no sign of this in the last quarterly, so where is this detailed?

CG I'm interested to know where you get your info on:

"ultimate sale price of the company at $1bn (min)",

if accurate then this is a real steal. Is this taken from a co. presentation?

I have been out of MAE for about a year or so, so I have not been following developments all that closely, but I was very surprised to see current price and situation.