discussion with broker, page-14

So, if it is say $3 per mcfe proven is that equal to
$3,000,000 per bcf proven ?

and
$300 million for 100bcf proven.

(which would be ~$1.50 per share)

Is the maths right ? (1,000,000 mcfe in a bcf)

Ties in with previous numbers from reports and people (T4P).

cheers
MD

ps - the MAE report looked pretty good - lots of Oil and Gas experience in the management and plenty of producing wells. Wonder why it is not a higher sp ?