stevenjd - lautrec - anyone...Does the Data Room only stay open for 30 days? I think another poster mentioned it did, but I'm not sure. What progress could be announced in this time, or would mgt wait until it has closed before releasing updates?
I'm would think that any potential buyer would consider the latest report against the current ecomonic environment and knowing that gas prices will return to their long term average, the old numbers for Helper would also be considered.
139 bcf 1P booked at todays low gas prices 243 bcf total 3P reserves a total potential recoverable resource from its non-producing reservoirs of between 2.4 and 4.3 Tcf shale assets leases for hundreds of drilling locations
"With the completion of the Reserve Report, Goldman Sachs can now initiate its mandate"
Jeff Clarke, Marion CEO commented: "This new Reserve Report is very gratifying in that the reserve estimates are strong even under a soft price environment, which many experts believe will improve in 2010. Therefore, it should allow for a favourable climate within which potential buyers may evaluate the assets of the Company".
Still confident of a bounce in the sp early this week, but hopefully not before I buy more...
MAE Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held