shareprice is getting smashed, page-73

Paul
Please validate this statemen below with actual well figures, not averages.

The Issue is . So far actual production per well is now averaging only around 10 BOPD and the decline rates appear to have been very large.

I should imagine gulf and RBS have asked the following question before making reports or offers to buy in the operations.

So how many we'll are producing?
What are the flow rates of each well?
Number of days per month of operation of each well?
What's the scoop for improving production on the current wells.
Time from commencement of drilling to full production of the wells in the future?
Drilling plans and schedual to increase product over the next 3/6/12 month.

They would also look at the debt the company is carrying, current income, operational cost, a complete business plan!

PE and BOPD are poor measure buy themselves we need to be looking at the big picture!

By doing simple maths you can come up with with a low average per day, but that is not a true reflection of the production capacity of the company or the future direction of the share price!

As for rating PE how many companies on the asx 300 have 15 times or less ratio's? Don't forget the debt they are carrying and all the other factors.

If I only invested in companies with good PE, life would be pretty boring and you would miss the excitement of investing in growth companies.

You yourself have invested in PGI, I don't like the look of it, but that's my opinion and I developed that thru my own research. I have no need to jump on the thread there and give my opinions and try to down ramp the stock.

You have indicated that you think Mad with trade betwwen $1 to $1.35 that's a 35% swing( 17.5 %after tax), a good gain if you chose to traded it.

I myself believe mad production will be 800 BOPD this quater, a 33% in crease on last quater, sounds great doesn't it!!
EOY i hope we will be at 2500 BOPD that's a 300% increase of production in one year, WOW I love numbers!