ODE - Odessa Minerals
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Re: MAE - Marion Energy
Well now that it is spring in the us they can proceed alot quicker with the bringing on line of wells. I hope once they have gas flowing consistantly and have proved the possibities then we should see gains. Also remember they won't be issuing any more shares to pay for expansion since they have a 20 Mill revolving credit arrangment.
I see the current wells as being a demonstration of project feasability.
Well now that it is spring in the us they can proceed alot quicker with the bringing on line of wells. I hope once they have gas flowing consistantly and have proved the possibities then we should see gains. Also remember they won't be issuing any more shares to pay for expansion since they have a 20 Mill revolving credit arrangment.
I see the current wells as being a demonstration of project feasability.
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Re: MAE - Marion Energy
AMP have announced that they are no longer a substanial share holder of MAE this morning.
AMP have announced that they are no longer a substanial share holder of MAE this morning.
Re: MAE - Marion Energy
No suprise there. They have taken a substantial profit. Those still in under A$0.80 will to if they hold. No gas sales means no cash. Gas sales means cash. How does US$30m pa sound? Do the numbers. Sounds like a SP over a dollar to me.
No suprise there. They have taken a substantial profit. Those still in under A$0.80 will to if they hold. No gas sales means no cash. Gas sales means cash. How does US$30m pa sound? Do the numbers. Sounds like a SP over a dollar to me.
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Re: MAE - Marion Energy
Those still in under 0.80c will? You can buy in under 0.80c for the past year and most probably next year?
Those still in under 0.80c will? You can buy in under 0.80c for the past year and most probably next year?
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Re: MAE - Marion Energy
Since the options expiry this baby has had almost constant consistant daily gains.
Got a 11.5 M dollar boost from option take up of 98% and are starting to ramp up production in the next few months.
Clearly broken downtrend.
Since the options expiry this baby has had almost constant consistant daily gains.
Got a 11.5 M dollar boost from option take up of 98% and are starting to ramp up production in the next few months.
Clearly broken downtrend.
Re: MAE - Marion Energy
0.76 without announcing any new gas flows from the 3+1 wells due to be tied in. Will a $30m. p.a. add to the cash flow make a difference??
I think so. Do the numbers!! They are all there. Demand, supply, concentration, futures, flows!! Anyone who wants to sell me MAE at 0.75 next year, please don't talk to anyone else.
Cheers
0.76 without announcing any new gas flows from the 3+1 wells due to be tied in. Will a $30m. p.a. add to the cash flow make a difference??
I think so. Do the numbers!! They are all there. Demand, supply, concentration, futures, flows!! Anyone who wants to sell me MAE at 0.75 next year, please don't talk to anyone else.
Cheers
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Re: MAE - Marion Energy
April 2007 update looks positive with intention for production in 3 months.
April 2007 update looks positive with intention for production in 3 months.
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Re: MAE - Marion Energy
These guys look to be gaining some ground up 8% today with good volumes and much stronger since the option expiry a month ago.
Now have about 15 wells tied into production with big reserves, I think we could see some big gains in this one in the coming months, I've been on it for a while.
Would somebody with some good analysis skills be able to do a quick valuation based on proven reserves eg P2 etc and maket cap?
These guys look to be gaining some ground up 8% today with good volumes and much stronger since the option expiry a month ago.
Now have about 15 wells tied into production with big reserves, I think we could see some big gains in this one in the coming months, I've been on it for a while.
Would somebody with some good analysis skills be able to do a quick valuation based on proven reserves eg P2 etc and maket cap?
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Re: MAE - Marion Energy
These guys have broken their downward trend now posting good volumes and consistant gains
current market cap a little over 200mill but potential projects worth 600 Mill short term,
Already have 11 wells in production from 1-5 m cubic feet per day with another 6 soon to be completed.
CHECK IT OUT FOR YOURSELF !
These guys have broken their downward trend now posting good volumes and consistant gains
current market cap a little over 200mill but potential projects worth 600 Mill short term,
Already have 11 wells in production from 1-5 m cubic feet per day with another 6 soon to be completed.
CHECK IT OUT FOR YOURSELF !
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Re: MAE - Marion Energy
These guys are killing it their all time high and low has been in the last 2 months.
Blue sky from here, wait until financials come out for end of year. It'll be huge.
These guys are killing it their all time high and low has been in the last 2 months.
Blue sky from here, wait until financials come out for end of year. It'll be huge.
Re: MAE - Marion Energy
Two broker reports but still no gas. Price has to go up when and if they announce Clear Creek flows. The investor report on the ASX announcements makes interesting reading. Supposed to be an independant reserve report coming out at the end of July. Yew, it does look like blue sky.
Two broker reports but still no gas. Price has to go up when and if they announce Clear Creek flows. The investor report on the ASX announcements makes interesting reading. Supposed to be an independant reserve report coming out at the end of July. Yew, it does look like blue sky.
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Re: MAE - Marion Energy
Fair increase in activity this morning at around 95c.
I understand it has been written up as having 12 month target of 1.45 by some advisory newsletters and morning notes on 24th may 2007.
An independent report is due in July 2007 demonstrating nature of reserves, and an reserves certificate report.
Fair increase in activity this morning at around 95c.
I understand it has been written up as having 12 month target of 1.45 by some advisory newsletters and morning notes on 24th may 2007.
An independent report is due in July 2007 demonstrating nature of reserves, and an reserves certificate report.
Re: MAE - Marion Energy
Marion is finally getting some attention. In my opinion it is well deserved. Company is still not understood.
There has been significant recent insider purchases:
http://www.asx.com.au/asxpdf/20070516/pdf/312h2q0r38w1gl.pdf
http://www.asx.com.au/asxpdf/20070508/pdf/312c9twn3b4cbk.pdf
http://www.asx.com.au/asxpdf/20070508/pdf/312c53mlm5qnc2.pdf
Marion is finally getting some attention. In my opinion it is well deserved. Company is still not understood.
There has been significant recent insider purchases:
http://www.asx.com.au/asxpdf/20070516/pdf/312h2q0r38w1gl.pdf
http://www.asx.com.au/asxpdf/20070508/pdf/312c9twn3b4cbk.pdf
http://www.asx.com.au/asxpdf/20070508/pdf/312c53mlm5qnc2.pdf
Re: MAE - Marion Energy
Analyst Report Patersons (Australian)
Real Assets--About to see real earnings
May 22, 2007
"We estimate that MAE is sitting on a large gas resource ( 200+ BCF) at Clear Creek, and circa 50+ BCF at Helper. U.S. market transaction data confirms why MAE is an asset play---and should MAE be successful in redeveloping Clear Creek/Helper/Jester Bloomington---it could have net reserves (2P) of 300+ BCF. Based on market transactions--MAE could potentially be worth around $ 800M ($2.70 share plus).
We have also compared MAE to its Australian listed USA operating peer group (page 14). In terms of earnings, we are looking for A$108m on revenue line in FY 2008. NPAT of $ 39.8m, with EPS of 15----fhis places the stock on 4.1 times earnings. Relative to others Aussie's in the U.S.--the stock looks very good value."
Write-up
http://www.investorvillage.com/smbd.asp?mb=969&mn=7012&pt=msg&mid=2207691
Analyst Report Patersons (Australian)
Real Assets--About to see real earnings
May 22, 2007
"We estimate that MAE is sitting on a large gas resource ( 200+ BCF) at Clear Creek, and circa 50+ BCF at Helper. U.S. market transaction data confirms why MAE is an asset play---and should MAE be successful in redeveloping Clear Creek/Helper/Jester Bloomington---it could have net reserves (2P) of 300+ BCF. Based on market transactions--MAE could potentially be worth around $ 800M ($2.70 share plus).
We have also compared MAE to its Australian listed USA operating peer group (page 14). In terms of earnings, we are looking for A$108m on revenue line in FY 2008. NPAT of $ 39.8m, with EPS of 15----fhis places the stock on 4.1 times earnings. Relative to others Aussie's in the U.S.--the stock looks very good value."
Write-up
http://www.investorvillage.com/smbd.asp?mb=969&mn=7012&pt=msg&mid=2207691
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Re: MAE - Marion Energy
Alot more interest today. I have sold half my holdings at $1 but may buy back in dependent how the market goes tomorrow. There has been a sharpe spike in interest but no real back up or changes to justify such a large increase of about 50% in a month..
Alot more interest today. I have sold half my holdings at $1 but may buy back in dependent how the market goes tomorrow. There has been a sharpe spike in interest but no real back up or changes to justify such a large increase of about 50% in a month..
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Re: MAE - Marion Energy
Mae continues to break out with all time highs. $1.35 this morning.. I think alot of people will be selling at about $1.45
Mae continues to break out with all time highs. $1.35 this morning.. I think alot of people will be selling at about $1.45