marion's producation data until dec 08', page-39

JoJac,

Thats fine anyone can error in math.
80% of a mathematicians work (already genuises) is wrong and it gives the search greater purpose. And they are the best...


With regard to the figures you have quoted regarding flows to market, it appears you have not learned of the "part thereof" term regarding flows on meterage. You see the company doesnt necessarily have a well on for a full day, it may be only an hour, but they must log the full day in the production table, which goes to Utah distributor.
Every bit is counted. To atmosphere, to market, it doesnt matter...the wasteage is recorded, water included, and the choke is shut in until the next test.
So if we see that a company has recorded a gas flow of 1.1mmcf thorughout that hour, thats what goes in the log.
So over 30 days, it may have only been on for 30hrs for example.

The flows are the target in this case, not the quantities.
Those flows in the tables you have read are both indicatiove and Actual. Indicative of virgin periods of operation and actual recordings of those flows.

I cannot stress enough that we are on the back of, over the hill from, along the identical Longitudinal line (both subterrainial and terrainial, from access and drilling pov) as ANAADARKO. The wells they have produce PHENOMINAL rates of gas.....yes...from our very mountain...one 1/4 of it anyway. They have been pumping out of a seemingly bottomless fracture zone for almost 10yrs now and the flowrates to market have not waned or faultered.

Remember the ferrous sandstone formation and know why the Directors told us of the phenominal capacity it is capable of - because someone is already getting such rates from the same formation. Do you realise how techinically sound that fact is? Really, do you understand subterranial fromations and fracture zones? I would be ;ess worried about come and go management and look into the eternality of whats under the ground.
Then take a look at how much success has come from Coal Bed Methane gas - Our Mancos Shale and Ferrous Sandstone formations are absolutely and without a doubt enourmous and at that they are virgin with gas detected to be in the range of 3Trillion cubic feet.
I will be visiting the Site as soon as possible, paperwork etc underway. If my year allows i will report back to what my very own eyes encounter.

Do not underestimate Maths, cross-examined parties (where 5 reserve specialists cant all be lying about the same thing they have all witnessed separately) and do not underestimate the power of impatience and how often humans undermine themselves with not circumstance, but emotion.

All the best whether you buy back in or not.


PS: I am not by any small means a gas expert, nor am i in any way qualified in finance or maths. I only qualify and research my own investments, for my own benefit and not others. If you pay any attention to this post, do so only after your own reckoning and only after cross-examining everything I mentioned. Do not invest in anything but your own research, not others as they have their own motives and parameters for every move they make.

L