MAE marion energy limited

in excess 5 million cubic feet of gas / day, page-17

  1. 4,837 Posts.
    "davo22, I bought in a company that have gas wells that need simple work-over and proven flow rates"

    If only it was that simple!! Maybe you are new to MAE, but having followed this thread for a number of years it is clear that Hc and Kiwi are by far the most knowledgable posters on Mae, they always back up their view with facts, as opposed to those who base their views on what they hope will happen. Mae management have been terrible and even if they were to lift their game there is still the issue of debt, MAE are on a likely endless course of dilution, should the market pull the pin on continually stumping up cash then the bank will pull the pin on mae..Even if they can get the gas to flow the current gas price makes it extremely difficult to make the progress required to reward shareholders

    As for co2, we in effect have it, what we dont have yet is the money to pay for it.....?????
    Cheers
 
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