All the Proof you need to know that NetStockings isnt being truthful and has premeditated another reality to share, so as to distort MAEs reality in a public forum, (which is an offense)
• Natural gas price assumptions are US$4.04 per mcf at Clear Creek and $ 4.40 per mcf at Helper. The Clear Creek reserves were also stress tested at a gas price of US$2.50 per mcf and even at this price all categories of reserves remained economical. This is indicative of the robust economic nature of this project. • Total Proven reserves are 139.28 Bcfe • Total Probable reserves are 85.51 Bcfe • Total Possible reserves are 18.24 Bcf • Total 3P reserves are 243.03 Bcfe • These reserves are in addition to the recoverable resource in ground calculation as evaluated by Ryder Scott in November 2008 which calculated Marion having a total potential recoverable resource from its non‐producing reservoirs of between 2.4 and 4.3 Tcf (refer to section below which details in summary form the total recoverable resource). A small portion of this resource was included in the Reserve Report of June 2007. Note: the Reserve Report does not include any allowance for non‐conventional Mancos Shale reserves at Helper and Clear Creek, a portion of which were evaluated (drilled) and included in the 2007 Reserve Report. These reserves are now included in the Resource Report prepared by Ryder Scott in November 2008. KEY ATTRIBUTES OF THE RESERVES/RECOVERABLE RESOURCE • The net booked 3P reserves totalling 243.03 Bcf represent a significant (partially developed) natural gas resource in the prolific US Rocky Mountain region of the USA. Drilling activities during the last eighteen months have also provided a substantial data base to support future...."
MAE Price at posting:
17.5¢ Sentiment: None Disclosure: Held