MAE 0.00% 0.0¢ marion energy limited

great buying!, page-55

  1. 14,981 Posts.
    lightbulb Created with Sketch. 51
    DJ1, probably the case, although the buy depth has beefed up now. Should see it get back to 36.5c soon.
    I wonder if any of the 37c sellers will pull their orders if we get a strong push up. (I would)

    Flow rates
    From the Patterson's report:

    MAE remain confident of achieving its 20mmscf/d target rate - once achieved this will be a significant catalyst

    MARION ENERGY LTD (MAE) - UPDATE BUY
    We maintain our BUY recommendation and a price target of $1.49/share based on a risked valuation of booked 319bcf of
    2P reserves. The March Q will be a critical quarter for MAE with targeted increased production and a reserves upgrade required in order to progress corporate level aspirations by mid-2009. Should production targets be reached shortly,
    followed by the upgraded reserves assessment, we remain confident that this will provide the necessary catalysts within this timeframe.
 
watchlist Created with Sketch. Add MAE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.