re: certified reserves to double
Please read my concurrent post on likely gas prices- historically Quester prices have not been good. But that is the past. Re Reserves - I dont have a view on likely reserves,other than the 286 figure and the companys estimate of a possible 50% increase by 30/6/08. Those figures strongly suggest that MAE will soon have saleable assets(HIGHLY saleable assets) of over $3 a share. Occarews estimate of reserves ,which he doesnt offer any info on,might be far fetched but attained a wee bit of cred from Alecfras report on statements made at the AGM. And as for your 50c S.P. .... Bah Humbug. P.S. Occarew is entitled to state that he thinks MAE will have 600BCF of reserves-it is important that he should put a US $ figure on them ,even if that further inflates a figure that many already see as perhaps outrageous.But be warned- Occarew may yet have the last laugh.Have a nice day.
MAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
