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ODE - Odessa Minerals

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Re: MAE - Marion Energy

I cant believe the lack of interest in these guys from other aussie members.

Looks like they have missed out on some stella gains.

1.45 will be a sticking point. After all they are earmarked to start making big after tax profit from now on..
 
Re: MAE - Marion Energy

roadster .. you posted a link is this supposed to go to somewhere or just for me to pay the $20 to get the report.. Give us a summary of what it says..

I am out early as i got it at about 50c and had written some rules for when i would sell however am now thinking of buying more.. I am just worried as to how long it can keep pushing up.. and if this report is not favourable we could be looking at 55c again..
 
Re: MAE - Marion Energy

hahahahahahahaha
keep dreaming mate 55c is looooooooooooooooong gone.

I'm spewin I was holding for 11 months and 23 days and sold at 93 to find a few days later it was at $1.20

Fortunately I got back in at $1.06 but now I pay 100% capital gains
 
Re: MAE - Marion Energy

Guys, throwing around price targets here with hardly a shred of analysis to back them up is fraught with danger. Please use some FA and/or TA to justify any price targets. Because it's going to 'start making money' is not justification, nor is 55 cents because it's an all time low. If you are being humorous then you need a after your target so we know to ignore it. Thanks, kennas
 
Re: MAE - Marion Energy

The analyst report talks about $ 2.70 share and you guys are out at $ .93. The analyst report is on Marion's website. This has only begun. Marion is all cashed up. Reserve report will tell the story.
 
Re: MAE - Marion Energy

Yes the reserve report will be interesting to say the least, I believe its expected to be out in the next few weeks. I'm thinking of topping up again pre announcement.

My PREDICTION (not sure if i can make this without breaking rulz, sorry moderator if i do )

The reserves will be greatly larger than previously thought. The rock that holds the gas apparently from company reports holds large amounts of gas i think it was 70-80% saturated but very tight rock formation. Once fractured we could see big increases in flows especially since some are already at 5 mill CFPD.
 
Re: MAE - Marion Energy

Wow $ 1.64. Is everyone happy? Did you all bail long ago? Oh well. Flippers will not be rewarded. I heard that we may have another analyst report. Anyone hear about one?
 
Re: MAE - Marion Energy

I'm still holding and will be for a long time to come if the reserves report is as good as expected and flow rates are sustainable.

The thing that I am nervous about is whether or not the flow rates are going to be sustainable when all wells from the same pad are online.
 
Re: MAE - Marion Energy

i bailed on MAE at $1.20 entry was 60c i really thought it was going to hit some resistance and come back down somewhat, I left a buy in at $1.50 on friday morning but it keeps going up.. (the only good for me is that i also hold it in my stock tipping comp portfolio unfortunately no monetary rewards here). I think I will get on pre there report coming out, does anyone know when this is actually going to be ?
 
Re: MAE - Marion Energy

I've heard that we can expect a resource upgrade, don't take my word for this but im holding on for that. The fact is that back in the day when these fields were operating they didn't have the same fracture and stimulation tech that we have these days. These formations are extremely tight and hold large amounts of gas, so the anticipation is that there will be good flows.
Last ann reported one well at over 5 million cubic feet a day, i reakon we can prob expect at least a couple more of these. Also apparently some company just bought land adjacent to MAEs at a price tag of 2.2 Bill

There appears to be some manipulation of this stock, at the end of everyday it gaps up alot then after 4 somebody puts ridiculously low sell on for 497 shares. I've seen it happen many times now. Most of the time it doesn't work but a couple times it has significantly driven down the closing price?

I can only think of one reason to do this.
 
Re: MAE - Marion Energy

hahahahah well looks like my source was right.

Big resource upgrade with potentially more to come. These guys had an independant report say that if all goes to plan they could have $140 mill profit next year.

Go MAE
 
Re: MAE - Marion Energy

Yes looks promising, I have re entered this morning ? Looking at comsec it says high today was $1.83 was this at the open this morning ? Considering the anticipation on this report you would think they may have gone to a trading halt ?
 
Re: MAE - Marion Energy

yeah i bought more this morning there was an initial spike followed by a retract now a steady climb.

I think the real big gains will come with the half yearly report that will more than likely show the start of gas profits. I have spoken to large holders of MAE they tell me the companies plans was always to prove up reserves establish a revenue stream then hope for a buy out from one of the big boys.
 
Re: MAE - Marion Energy

<<<I have spoken to large holders of MAE they tell me the companies plans was always to prove up reserves establish a revenue stream then hope for a buy out from one of the big boys.>>>>

What price buy out? If they have $ 140 million of cash flow what would that be? Where did the $ 140 million of cash flow come from? Wow
 
Re: MAE - Marion Energy

Mate read the pattersons report on MAE available at their website. It was a buy recommendation when they were 60 c. But it states:

With net reserves of 300+ BCF MAE could potentially be worth $800m or $2.70 a share.

The 264 BCF they just announced is very close to this with alot more potential to increase these reserves further.

I wilkl have to correct myself on the profit figure i quoted: The revenue they expected was $105 Mill in 2008 with NPAT of $40 Mill.


It also shows that back in the day there were estimatd reserves of over 1300 BCF at clear creek and of that about 150 BCF was produced and that there is a very real chance that MAE will have potentially another 550+ BCF in reserves.

Thats takes MAE to potentially $6 a share!
 
Re: MAE - Marion Energy

CEO Jeff Clarke Interview out today.


MAE CEO INTERVIEW - AUDIO BROADCAST BOARDROOMRADIO

You are invited to a front row seat at our presentation titled 2P Large Gas Reserves



To listen, simply click on the link below:

http://www.brr.com.au/event/MAE/1892/24746/wmp/cks0zxut6f


The presentation details are as follows;
.. 2P Large Gas Reserves Evaluated
.. Presented By Jeff Clarke, Managing Director and CEO
.. 27-June-2007 at 10:00am
 
Re: MAE - Marion Energy

Mate i dont know who your trading with but that was released yesterday.

The director pretty much confirmed that he is more interested in proving up the resource and selling to a big player rather than getting production online.
 
Re: MAE - Marion Energy

well having had the shares for 8 years it will be nice if they can pay a dividend this year !!!!!!!!!
 
Re: MAE - Marion Energy

I doubt you'll ever get a dividend out of these guys the company is based on proving a resource then selling it. By the look of their recent wells they may have a few barrels of oil to sell along with their gas.
 
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