Ann: Change of Director's Interest Notice , page-25

i dont like the gulf deal, mad should just drill the wells themselves. Gulf are using mad's drilling machines and crew, explain the benfits to me? Costs mad $700,000 to drill wells and complete and tie into production facilities. Gulf can walk away from the deal one day, obviously if that happens you can imagine the reaction on the share price. So all these extra drilling machines, workover and swab machines, wont benefit mad fully, they will be used by the gulf joint venture as well. Its like mad have contracted out the drilling machines again.