We can dwell on the past ambitions not meeting timelines or we can identify impending scenario change now that the sp is supressed and ridiculously cheap .
2 to 5 months is what the co claims will bring signficant daily earnings . Reality is however, May is looking like a very significant month ;-) and an axial period for the co .
Costs can be reduced by multiple drills off one pad . The delays in tie ins due to that are outweighed by costs saved, if cost are your concern .
I spoke recently to the co and they claim that gel issues are being resolved positively at Helper, as they also state in the announcements . The residues are coming out of the drill holes and flow rates are significantly better as a result . The oil and gas game is complex and sometmes there are hicups and the co were not expecting the gel issues, but they declare they are being resolved positively .
It is also stated in the most recent announcement that only 70 feet of pipe is needing to be laid now connecting 4 Clear Creek wells into existing production infrastructure, and 2 additional wells are in development also . Where the issue there ? If Clear Creek was a recent discovery, MAE sp would be over a dollar based on its reserves alone . The anomoly is though, if it were a recent wildcat discovery there would be no existing infrastructure, cost would be way higher and production would be years away, not weeks as is the case for MAE strategy now .
Options exercise is already reaping millions to the co at a cost intensive time and upside is just weeks away .
MAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
