All you doubters and misfits out there, need to read this
Korda Mentha and their directors would not pull this company out of insolvency and pump it with $3M cash, and refinance their debts unless they saw it for what it was- a massive asset of 3-30Trillion yes thats Trillion cftgas enough to supply all of the USA for 5 years. This field took 20 years to pump out 500Bcfgas at spacings of 500metres, spacing at 50metres even would multiply this gas field by 1000% on the existing area alone.
Nat Gas is the energy of the future, the russians and chinese know it and thats why they cannot be stopped, the yanks and jim cramer (CNBCcontributor) are heaviily pushing LNG as the energy of the future and MAE plays right into this, the USA will have to develope their massive onshore (cheaper cost) and offshore LNG fields and export these to north america/europe to compete with russias LNG dominance. MAE is an answer to that and gas fields like it- its inevitable as the USA will have to become self sufficient in energy especially LNG.
These fields are massive and the prior research/wells show the size is mind bogling, once they get their act together and re-open trading im buying all in, the LT holders who sell at the open so they can get their money out after 3 years will live to regret it.
My advice - buy at the open and trade it to its top in the months ahead, LT holders such as Korda mentha and their trading desk buddies will be buying your shares cheap and flipping them maybe 1-2 years in - remember these shares moved from 30c to $1.50 in 2009-2010 before they shut it down to shaft their lender. The market cap was $1B.
This is the new woodside, and anyone thinking otherwise please sell your shares on the re-open to me.
MAE Price at posting:
0.6¢ Sentiment: LT Buy Disclosure: Held