re: Ann: US$10.5 million increase in Bank Fac...
hogger12,
The increase may not be about having failed to acheive improved flows...For all we know, our recent results have been good enough to warrant further drilling into new areas (which we certainly could not afford with cash before this ann.). Any new drilling was put on hold until we acheived better gasflows beyond what we already have so that we could concentrate solely on breaking even. It could be quite positive, but we will see soon enough... New holes may be what the money is destined for and they did mention the Mancos reserve in the report too which for all we know was a hint. We'll know today.
MAE Price at posting:
27.5¢ Sentiment: ST Buy Disclosure: Held
