MAE marion energy limited

how much gas to just pay the interest bill?

  1. 2,714 Posts.
    lightbulb Created with Sketch. 578
    how much gas do you need to make the $6m interest bill

    say you net 1.50 out of a $3.80 gas bill i.e. 80c pipeline/shipping cost and say $1,50 for all the staff/power etc,reworks/cleanouts

    so $6m interest divided by $1,50 =4m units of gas

    a unit of gas is 1000ft/day
    so 4000000x1000=4,000,000,000
    divide by 5,000,000
    800 days gas production per year

    lets be generous and say they make $2/unit

    still need 600 days a year just to pay the interest bill.

    i produce gas too after a good meal.If your paying,i'm eating,you can have the gas for free.
    Sounds like an MAE sales pitch doesn't it?
    I think that's the sort of deal your buying here
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

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