production and revenue

2.5-3.5 mmcf from 2 wells with 6 building up production, another to come on line in a week and the 10-29 to be fracced in summer. 4mmcft is break even. 10mmcft appears to be a realistic target. Do the maths.

A new reserve report based on much greater confirmed flows, more wells producing, higher gas prices. All infrastructure there, working and paid for. Is this a saleable company or not.

I believe 0.10c is a realistic, if low target in a less than 12 month time frame, after any dilution. I note the Board is trying to reduce dilution by paying out directors in cash. With these likely flow rates they can do that.

So what brought MAE back to life? Two new directors and executing an action plan so long missing from the Board. I believe Stretch and Watts should be both thanked and rewarded for their efforts not blamed for what happened in the past.