MAE marion energy limited

Re guestimates on future reserve reports, I would say the...

  1. 80 Posts.
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    Re guestimates on future reserve reports, I would say the following:
    a/ 2P reserves to come in at 500BCF...possibly much higher and just short of a trilion.(let's be conservative)
    b/ 3P reserves at 750BCF. Note that these have never been announced re CC.
    At pricing of $3.80 for 2P and $1.60 for 3P and 348m shares we are looking at $8.90 a share. Discount it back for terrain, snow, working time, environmental reasons and add back the possible oil, untouched shale layers re gas deposits etc.
    Conservatively, we have the most undervalued gas asset in the world. I would say now $4.50 + minimum.
    My brokers and advisors have said that we will see $2 very soon, with more detailed descriptions required on a well by well basis over coming weeks.
    Just remember, no one needs to sell. YOU WILL RECEIVE YOUR CHEQUE IN THE MAIL after being taken over.
 
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