Check out the amount of water that is being pumped.. It's outrageous. And where does all this water go? Straight back into the same formation a few kilometres down the road. It's like digging a hole in the sand at the beach and thinking you can make it dry by removing the water and pouring it back into the sea.
Back in the 50s they fracture stimulated with nitroglycerin. It blew the stuffing out of the formations and stuffed many a good oil or gas field. Often sending them to water much faster by joining adjacent water filled formations.
Think what would happen if your fracture stimulation joined your gas formation with something like the great artesian basin You will never ever pump it dry.
The water problems at Clear Creek could be very difficult to overcome especially if you are re injecting back into the same formation
At the AGM ask lots of questions about water drive and water production and disposal into the same formation.
This could be the key as to whether Marion will ever make any money. So as shareholders you need to learn, ask and understand this complex issue..
Where is the hydrology report? Do they even have one? what's in the hydrology report.
The hydrology report could be more important than the gas reserves. because it may determine the cost and amount of production.
MAE Price at posting:
0.6¢ Sentiment: Sell Disclosure: Not Held