The loan amount wasn't huge. The idea is to pump water, hopefully production happens and sell it...
but winter is nearly here... And they have said that ASD 3-16 their water disposal well is pressuring up... So may not cope with large flows of water any more... It's one last crack at pumping water to create production... But quite frankly I really don't think it will help, because massive amounts of water have been pumped for months in a row in the past and good production never happened.
MAE Price at posting:
0.6¢ Sentiment: Sell Disclosure: Not Held
