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Alefra,
could you advise what the current gas price is together, if you have it, the forward projection for the coming US winter period?

Whereas a JV might be one way of relieving short term current pressures, I would have thought a 'boots and all' approach could lead to a better result. For instance, MAE coy borrows another $20m and drills another 20 wells (approx $800kp hole)in the Clear Creek area....possibly achieving 4-7 million cf per hole (~140mcfpd). Multiply that by 365 days per year, together with existing well productions (~20Mcfpd), then we have a steady income stream which, IMO, will more than justify having a debt of $80m.
I am hoping MAE will have it's day in the sun but make it this year, p l e a s e...................................