re: Ann: Well workover program expanded by 5 ... well well well, maybe PC knew the old wells had plenty of life in them yet . In my one only call to MAE several weeks back, he did mentioned that they believe MAE had more potential now than they realized 1 yr & further back. Unfortunately MAE got too greedy early on & wanted to drill 80 acres apart to show its worth, but stuffed itself with ongoing problems in new drills costing $$ & the rest we all know.
Hindsight is a wonderful thing. Had MAE not wanted to get rich overnight, they should have reworked the old wells first & after several yrs, drilled the new wells & forget about getting rich quick. Not rocket science.
But unfortunatley we had JC at the helm & he was too focused on quick drills for quick sale for quick bucks.
And yes of coursed he was focused on growing his beard.
I would almost be comfortable seeing .10cents back & then do a CR at .07cents. Maybe wishful thinking,
But I agree slight light being seen in what has been an aweful dark tunnel for too long for all us .
cheers
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