Todays announcement is a step along the path and it does have significant weight behind it . It validates the assets and effort necessary to extract the commodity .
The hydrate issue's remediation is likely imo, and once that is proven I suspect there will be a significant and strong relief rally over weeks .
Unlike some here, I do believe that if extra cash is necessary then it will be possible to attract new placees to buy additional stock . Todays announcement is too valuable in a gas hungry world to let it be ignored .
I for one would buy new stock if was to be used to pay down/pay off debt to the point where production income was sufficient for continuation . I think it is time to thin management ranks .
I hope the seller doesn't force gap closure, but if they do, buy as many as you can .
MAE Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
