MAE normally reports and update of drilling and other activities aroun this time of the month.
There has been good accumulation for about 3 weeks and also some cute director buying.....all good signs.
With about 20 wells tied in to production making around 20mmcf/day at 5$us profit/unit we are in for a good ride on this alone. The density of production wells is low and reserves could be good....
IMHO MAE is a outstanding buy at current levels on this alone,BUT I CANT HELP THINKING THERE IS LOTS MORE ON THE CARDS
MAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held