MAE 0.00% 0.0¢ marion energy limited

Is my interpretation correct ?Did the MAE QR Dec 07 predict Utah...

  1. 65 Posts.
    Is my interpretation correct ?

    Did the MAE QR Dec 07 predict Utah RR Well Production Rates to be similar to past gas flows in NON-MAE drilled wells in the region and assumed extrapolation to newly MAE drilled wells - And thus, would it be possible that the 1-5 million cubic feet per day flow rates stated and since, - lovingly caressed and re-quoted have never actually been attributable to MAE Utah wells?

    The QR March 08 states Variable Production Rates dependent on the 'Clean up'

    Is this a monstrous marsupialian mistake ? or a stockdoesntrule solecism ?


    QUARTERLY ACTIVITIES REPORT FOR THE QUARTER
    ENDED 31 DECEMBER 2007

    Project/Operational Details
    Clear Creek, Utah (MAE working interest 100%)

    The Ridge Runner ("RR") 13-17, 11-17, 2-19, 1-30 and 11-20 wells have been
    connected to the permanent pipeline and are now delivering and selling gas
    into the distribution grid. Weather conditions permitting, production levels
    from these 5 wells are expected to increase and then stabilize within the next
    two to four weeks.
    Production rates will then be advised to the market.
    It is anticipated that these five wells will all be producing at their expected full production rates by approximately mid March, 2008.
    Stabilized production of the OLD (PRE MARION) wells at Clear Creek WAS in a
    range of 1 million to 5 million cubic feet per day, with most wells producing at
    the upper end of this range.
    Marion is confident that the NEWLY DRILLED Clear Creek wells on average
    WILL produce at rates within this range.


    QUARTERLY ACTIVITIES REPORT FOR THE QUARTER
    ENDED 31 MARCH 2008

    Project/Operational Details
    Clear Creek, Utah (MAE working interest 100%)

    • Ridge Runner ("RR") 13-17, 11-17, 11-20, 1-30, and 2-19 wells are on
    production AT VARYING LEVELS , DEPENDING ON THE STATUS OF WELL
    CLEAN UP
 
watchlist Created with Sketch. Add MAE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.