Like ive said before, JC is MAE and Mae is JC, no 2 ways about it, all the way back to the CPC days. Ive met with him, spoken with him on numerous occasion and he has always maintained that we are a developing gas play nothing more. Accumulate leases prove the resource and get out. It has taken a few good years more to get here but he and the top 20 SH have stuck it out, and so should we all.
I fully support JC for doing what he has done to date. May not have been to the liking of others but he keeps pushing on regardless and he is a believer. And so must we be.
As for gas revenue, I will say it one more time for those who are looking for revenue. Go back to day 1 and read what JC planned to do, it was to develop a gas play and sell it.
Has JC deviated from his plan, no he has not. MAE was never going to be a producing company. I think MAE has achieved 20mmcf per day and are just sitting on the wells they drilled. If only 1 of us access to the data room.
As for exercising options and Fortus and the debt, piffle compared the value of the asset.
Ive had my say... anyone else...
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