MAE marion energy limited
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Quote:"With gas prices declining significantly during the first...

  1. hcraboc
    2,940 Posts.
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    09/05/12
    23:47
    Post #: 10154867
    Quote:

    "With gas prices declining significantly during the first half of the year, the decision was taken to temporarily
    shut in the wells around calendar year end as to continue with operations would have been uneconomic."

    Peter Collery 2009 Annual Report, refering to 2008 gas prices.

    Natural Gas price at the henry hub 30th December 2008... $5.71

    Today Gas price is $2.32

    Even if the company survives the shareholders will take a bath getting out of this mess
    MAE Price at posting: 0.6¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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