MAE marion energy limited

Ann: Well workover program expanded by 5 extra we, page-8

  1. 28,669 Posts.
    lightbulb Created with Sketch. 3532
    re: Ann: Well workover program expanded by 5 ... you have to wander,,,and its water under the bridge,,,

    that they formerly went off in the wrong direction,,,drilling all their wells,,,when perhaps they ought to have simply tried to turn the old wells back on??

    Can you imagine, the different position MAE would be in today, if instead of spending the last x years on their wells, and going backwards with cashflow,,

    if instead, they had got these old wells back into production, become cash flow positve, no debts, and then, studied the old wells, to how to, their new wells.

    As said, water under the bridge, but at least, FINALLY,,,they may do it, and resurect things.

    Curious though,,,you have to think, has this all come since the removal of JC as CEO,,,and that with JS as chief operations,,,can imagine him asking the old board,,,
    "have you guys tried turning the old wells back on??"

    Better late than never,,,and hoping that the new direction can bring back the support it derserves.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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