Its from Lodge Partners Research.Hopefully MAE will have a copy on its Home Page.
For a detailed 9 page copy......Contact Peter Cameron: +61 3 9200 7032 [email protected]
Just the first paragraph....................
We commence coverage on MAE with a BUY recommendation and a 12 month price target of $0.08 per share. The recent re-capitalisation has consolidated the company?s debt and provided a realistic repayment schedule which will allow MAE to focus on its core gas development asset in Clear Creek, Utah. Workovers of five wells are currently in progress which will see the imminent re-commencement of production and gas sales. ? Clear Creek is an under-developed gas field that historically provided
MAE Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held