Ann: Well workover program expanded by 5 extra we, page-27

re: Ann: Well workover program expanded by 5 ... I would feel like there is a whole lot more upside, if they paid their outstanding debts for the last 9 months.
$15M

They had $13M to keep their bank commitments, and they had $5M to do something real.

I have no doubt these wells were producers. But after being idle for 35 Years, and the wells being 50-60 years old. Rust, corrosion, concrete cancer, crumbling salt affected concrete... This was the 50's.. they didn't give a rats about aquifers, or casings.

Some of those old wells will have stuffed casings, water leakage will be a problem. How bad is it?? What is the company telling you versus what is really happenning.

We may reflect on the golden days when MAE was available for 4c.. They have done virtually nothing for 9 months.
How can they do anything without more money...

Totally Crippled until more money arrives.