MAE 0.00% 0.0¢ marion energy limited

Ann: Gas Flows Start at Ridge Runner 13 -17 Well , page-9

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  1. 1,451 Posts.
    re: Ann: Gas Flows Start at Ridge Runner 13 -... There have been changes at mae
    1. they are making more announcements
    2. half their board resigned
    3. JS left
    4. They got financial backing
    5. They implimented a well work over

    I have never doubted changes but as you said it the goal is to prove the resource and flog it. Its just my opinion that they are yet to even start proving the resource.

    Call it downramping if you want but i have a neutral opinion on MAE atm. It could still easily go either way, question is can you recognise that?

    I think most people know the deal here its just a difference of people believing they can prove the resource.
    I'm still sceptical based on past issues with gas flows, the biggest reminder imo is that they previously announced a long time ago of what ? 5mmcf production levels? it looks like either a blatant lie or incompetance. I just dont think JC is that good.

    Look at his history of been director, i actually think he's still the director of a number of companies. In 2007 he was on something like 6 co's boards. Prior to that was a shale gas expolorer that filed for chapter 11.

    PC may be a good PA and Karel a good money man but i just have questions on JC's ability and given his position as main guy in this co I question the outcomes.
 
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