MAE 0.00% 0.0¢ marion energy limited

PcarusoI looked back at the march 06 report that you had...

  1. 4,837 Posts.
    Pcaruso
    I looked back at the march 06 report that you had mentioned.....

    this is what it said.....

    "Marion is currently producing from eight wells, with a further four wells to be placed on production in the near future. The expected net production to the Company from all 12 wells is 3.75 million cubic feet per day, generating an annualised operating cash flow of US$10 million"


    ...current production based on mar 2008, showed quarterly revenue of $336,000, approx .47mmcfd roughly equal to 30bopd...

    revenue per share was $.0015c in march 2006...over the next 2 years shares on issue rose 80% and earnings per share declined 35% to $.0011c per share..

    Make of it what you will......but Pcaruso is letting the facts speak for themselves and Kooks is blowing from the same trumpet as was used for the above report.....I hope it all comes together for you guys this quarter.
    cheers
 
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