MAE marion energy limited

timber, page-5

  1. 228 Posts.
    They still have a booked 1p reserve

    its not like there isn't any gas at all. Depends on what the buyers are willing to see.

    From what I gather from the report What Marion has achieved so far is an indicative value of what they can recover.

    Its stated that there are still a varierty of licened areas which have yet to be explored. Hence the look in on the asset sale

    Worse scenario we're looking a t sell price of 50% less then what it was previously.

    So maybe 75-80cents per share?
 
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Currently unlisted public company.

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