I think the only trading happening is day traders atm and has...

I think the only trading happening is day traders atm and has been for a while thats why I doubt teh SP actually reflects the fundamentals of MAE at all any more and probably hasn't for a long time.

On a negative note Natural gas futures looking pretty sick. looks like the US is going to run out of storage space for its natural gas supplies this summer and that operates across the country may have to shut in up to 800BCF of production. Petsec and other analysts rekon $2.50 gas is a real good chance in the coming months.

On the gas prices to looks like we may be in for a period of low gas prices as the US LNG improt hubs are expanding capaicty and the worlds major exporters are ramping up output from Qatar to russia etc. To avoid a flood of imported LNG hitting the market US gas prices must remain lower than the overseas LNG prices.

I have been researching a lot and sure the US is shutting in wells etc but they have a large amount of supply and demand is dropping, coupled with the LNG market potential I doubt gas will move up in price until we see a robust global recovery and more global demand for gas to push up prices.

The reason I'm out of MAE right now is becasue I feel I do not have enough info about the company to make a decision. I want to get information of this reserve report. What are the initial well production figures waht are the rates of decline what are the economics of the wells. Right now all this info is locked up in the dataroom and I simply do not trust managment enough to go off their word alone. They have share options of coarse they'll paint a pretty picture when we ask questions.

I will be asking the company for more info about all i mentioned above. The reserve reort should have been released to the market not just snippets out of it in a ASX release.