Kiwi Castlelake has given MAE until end of August to find a...

Kiwi

Castlelake has given MAE until end of August to find a solution even though production targets were not met since funds were advanced. This implies that the debtor is assisting MAE to seek a solution that is beneficial to both parties.

I agree that the company will have various options to pursue once either new funding is found or an asset sale.

What makes you think that the liabilities are higher than the value of Clear Creek and other assets? If the assets had little value then TPG would never have entered into the loan agreement.

With USA gas assets buoyant at this point in time one would assume that there will be interested parties going over the MAE data room. Hopefully Clear creek neighbours will be seeking to expand their resources.

We have all got opinions. Only time will tell which will materialise. MAE is still not dead.