Ann: Operations Update , page-6

Pomhat

Which planet have you come from? Do you read all announcements before writing your down ramps?

Korda and TPG

Both would have done their due diligence before committing any funds. These two organisations have astute personnel on board. Read the following extract from a recent announcement...


"As part of the restructuring of its balance sheet, MEI has granted two successive net operating profits
royalty interests (“NOPI”) in the Clear Creek project, a 25% NOPI up to a cap of US$15 million, which will
be replaced by a 10.5% NOPI once the first one is paid out. A NOPI is a payment out of production
revenues after recovery of all direct and indirect operating costs, production taxes and royalties."


It talks about PROFITS. That's the expectation of our major investors.

Their way out is most likely when a takeover bid is make for the company.

Financial Viability

The only evidence that I can share is from TPG, Korda and Directors expectation that they will produce gas in commercial quantities. You can keep on talking about the past. I'm only interested in the future.

Consulting Role

Has Hraboc visited the MARION site? Has he spoken to guys in the field?

If the answers are NO then what the heck does he know about what is happening in the fields today????? He is most likely a desk consultant obtaining info from his USA relative.

When the shareprice goes up to my level of expectation or when a takeover occurs I will exit MAE. At least I have a plan.

The sp will only go up when it reflects a viable organisation. Just keep an eye on the sp and do not miss the boat.