MAE 0.00% 0.0¢ marion energy limited

sorry to say but i don't think its a mystery imo the truth is...

  1. 1,451 Posts.
    sorry to say but i don't think its a mystery imo the truth is most likely looking everyone in the face,hiding in plain view. That is its likely economical gas can not be produced at this field by MAE. They have seriously "worked over" the same wells about 3-4 times now. I doubt the wells gas ever produce >1mmcf each per day, i believe the test volumes they always quote are not reflective of the steady state gas production that would come from these wells.

    This is a zombie company now, its almost April now and there is no significant improvement in flows? wasn't this all supposed to be coming in feb/ marc.

    I just think the same "rumours" have been going around for 4 years and to quote a great man

    "There's an old saying in Tennessee ? I know it's in Texas, probably in Tennessee ? that says, fool me once, shame on ? shame on you. Fool me ? you can't get fooled again."
 
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