Here's something for all of you to ponder - just a few...

Here's something for all of you to ponder - just a few examples.

1. MAE March Quarterly report March 2006 (over two years ago), p7: "Marion is currently producing from eight wells, with a further four wells to be placed on production in the near future. The expected net production to the Company from all 12 wells is 3.75 million cubic feet per day, generating an annualised operating cash flow of US$10 million".

2. MAE December Quarter report 2007 - This report was issued on 30 Jan 2008 after the "severe weather". Page 1 - "The Board and Management are very confident that production will ramp up to significant levels in the March 2008 Quarter with a positive effect on revenues and cash flow, in turn also increasing the reserves of the Company".

3. MAE Consolidated Statement of cash flows December Quarter 2007, Issued on 30 January 2008. Page 3 - estimated cash outflows for next quarter - $2M (being development). However, in the recently released cash flow report for the March quarter (issued on 30 April), actual cash outflows for the quarter was $10M of which $8M was development, $6M or 300% more than they indicated just two months before. No explanation for this variance.

These are the facts. This is company released information.

You decide what it all means and the confidence it provides a reader of reasonable intelligence.