Ann: Targets Gas Production of 15 mmcf per day b, page-24

re: Ann: Targets Gas Production of 15 mmcf pe... heres a comparison, have a look at petsec's march quarterly.

figures from there are for the quuarter
Avg of about 14.5mmcf per day production (mmcfe)
Avg price per mcfe $7.40 (twice MAE's well head price)
NET Revenue = $9.5
EBITDAX = $5.4 Mill

So for 15mmcf in one quarter they made $5 Mill BEFORE Interest, Tax, deductions etc

They have debt of $30 Mill and CASH of 32 Mill AUD equiv.

MAE IF they get 15mmcf will have
Avg price more likely $4 MAYBE $5
Debt of $50ish mill after $5 Mill payment
Cash ? who knows

Petsec get avg $7.40mcf
and EBITDAX of $4.20 mcf
It costs them $3 per mcf if MAE get maybe $3.50 to $4 currently it doesn't look so lucrative