I have tried to stay positive about this stock for along while , but hr does have some valid points of view. I believe the stopping the SPP was purely tactical to stir up interest in MAE again, there is no way they got enough interest through it . Of course there will be a last ditch effort of a flow rate around 2 mmcf/d to get investors interested. There debt outways there earning potential through helper wells and clear creek . I am a petroleum engineer so i understand alot of the data. If the well they publicise as the 5MMcf/d can actually flow that they would have flowed it into the pipeline straight away in 2006 . With low permeability field like clear creek if you dont drill it properly with the correct mud and fracturing techniques it will flow like a slow dripping tap. Unfortunately it seems thats what has happened at clear creek. Why do you think they have not payed some of the third parties ? i believe it is due to MAE blamming them for the performance of the wells.
I hope i am wrong , but it smells like the end is near . For that i need to cut my losses and pull out my shares .
Good luck to all
MAE Price at posting:
2.2¢ Sentiment: None Disclosure: Held
