Marion's latest US Investor report is the kind of information that leads to a lack of confidence.
Slide 15: "These 17 wells are expected to be at full production within the next three months".
Marion has been promising production "within three months" or "within three to six months" since before October last year, and each later announcement (at least half a dozen of them over 10 months) continues to do the same. Just look up the announcements yourself.
For example, the April 26th release had this to say: "At Oklahoma, production has commenced following significant upgrading of pipeline and associated gas gathering infrastructure and is anticipated to increase significantly over the next 1 to 2 months, as wells which have cumulatively tested at approximately 1.35 million cubic feet of gas per day are progressively brought on stream".
I am no genius - don't profess to be one. But I do expect some level of transparency & truthfulness from a public company. Marion fails the test.
That said, I hope you do well.
MAE Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
