ok guy's , page-23

True account equals this:

- Marion does have a huge debt.
- They have proved that the bank is working with them and have restructured the debt many times.
- They have significant resources.
- They have failed to work out how to get the GAS out of the ground
- They have a new Operational Expert on the ground but has been restricted by lack of funds.
- They say they should have the first few wells up and running by the end of June.
- If they do get the first few wells flowing (11-17 in particular, not the ones currently dribbling gas out)the SP will rocket and the company will have a great future
- If they do not getthe first few wells flowing by June then its all over red rover....may be able to sell the land off cheap but don't expect much left over after the bank gets their money.

The debt is not the question with Marion, everyone agrees on that one, its whether or not they have now worked out how to get the wells flowing... that is the question that has split everyone here....

IMO if you are a new investor, only put in "punting" money now as you could get a great return or loose it all, or alternatively wait for the first sign of flows (or the appointment of new board members that may signal something) and then jump in... you may halve your return but would decreae your risk.

If anything Marion is certainly an "exciting" investment... lol