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

re: Ann: Targets Gas Production of 15 mmcf pe... not been harsh at all here are the last 8 quarters costs
$3Mill
$6.2
$3.2
$12.3
$10.3
$6.4
$11.9
$10

You can see $3 mill is more of an abaration than a norm also remember last quarter directors left and they essentially halted all ops whilst waiting for water disposal well info. Also $55 Mill debt with a interest rate of around 15% which is what they are paying is about $9 Mill PA on its own.

Look at your trading account for info o shareholder equity mine states around $120 Mill has been received from capital raisings etc in the past.

I have no idea about $1 Bill but IMO thats unrealistic.
Firstly the companies own balance sheet states the value of its oil and gas property at $160 Mill NOW mind you it has a market cap of $15 Mill so essentiall the market prob values it around $80 Mill (debt + Market cap)

Aarows reserves are valued at roughly $1.4 Mill per BCF but thats Arrow and they receive a higher price for LNG and also will get a higher premium value. So lets say $1.2 Mill per BCF for reserves. MAE has 200BCF of 2p and 1P so around $240 Mill. So to get to a billion dollar company they need around 800BCF of reserves.

about 350-400% increase from current reserves. They currently have what 400 Mill shares on issue lets say they do a raising at 2.5 cents for $30 Mill that means they would have to issue 1.2 Billion shares or dilute the company 300%.
So with potentially 1.6 Billion shares on issue the pieces of the pie don't look so big.