drunkards wash --- mancos shale

Hi

I personally am (like many) very excited by MAE -- risky but if prepared to go for it, I think a generally good bet in this market.

I would like to understand more about three things:

1 Drunkards Wash ... can anyone give any details as to what exactly was sold / was it producing / what 1P / 2P etc levels did it have?

2 Mancos Shale - what are people's thoughts on this - is this really the prize for interested bidders? I have heard that it may be ...

3 MAE price range ..... I agree with various posters that i cannot see a sale price below around A$1.50 .... I understand that the placement at 90cents was to two individuals in WA who will no doubt be wanting their money back in spades ....

my calculations on IRR update give me a sale price range of A$1 - A$3.55 ... (although i cannot see $1 now - think $1.50 more realistic as a minimum)

nipap