DT, These are pretty optimistic claims from a company that has had 6 years, and has not been able to sell 30 mmcf in any calendar month. Nothing has changed on top of the mountain. Except they can dispose of the water rather than truck it. When gas prices were high they spent millions trucking water and the wells never produced at any great level.
Its all been done before.. Well production rates will not improve substantially. Plus the government inspectors are all over the joint at the moment with three compliance inspections within a month. They have serious problems on the hill and as usual shareholders are kept in the dark.
5-8 mmcf/day by end of July is absolutely laughable.
What inevitable junk, and excuses will the company announce when the target has not been met.
MAE Price at posting:
1.3¢ Sentiment: Sell Disclosure: Not Held
