brad simmons blue ridge dome , page-6

Average 12bopd...

Interesting you use an average for bopd but never state the average per well cost..

Even at 12bopd settled flow rate, payback time is less than a year..

Assuming an oil price margin of $70 which they have been getting most of this year..

At $50 margin, after royalties n the like, it's almost exactly 1 year...

Now production has declined due to lack of work over, that's correct. But I still don't see the huge conspiracy you are seeing MAD follows the same model as the past companies except it is more free to follow it long term as the directors hold most of the stock.