MAE marion energy limited

re: Ann: Targets Gas Production of 15 mmcf pe... Come on CG...

  1. 1,451 Posts.
    re: Ann: Targets Gas Production of 15 mmcf pe... Come on CG given it sounds positive but the proof is in the pudding. You can't really call the fact they managed to string a half descent ann together proof that the company is out of the woods.

    Question is will people with cash believe the promises or not.

    Remember a few months ago they said that Oman and other wells would be on line NOW, but no now we find out they delayed again to sort out the water disposal issue.

    Exert from March ann
    "Marion Energy expects the Oman 2-20 remediation program to be
    completed in Quarter 2, 2010."
    FAIL

    Early april ann
    "The program is initially focussed on bringing the Oman 2?]20, Ridge Runner (RR) 13?]17, RR 11?]17 and RR 2?]19
    wells at Clear Creek back into production. Under the current schedule, these wells are expected to be back
    onto production to varying levels by June 2010."
    FAIL

    So tell me how can you seriously believe this ann?
 
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