I just emailed the Andrew Crawford and below is the response to my questions. Couple his response with the Gulf ramping up production and the free carry funding for potentially 3 years. In the end a lot of people will be left wondering why Paul100's vision was so shortsighted. I guess there's always PGI for the nervous nellies. Good luck with that. Mad isn't for you:
"The board and management are confident with the independent reserve assessment completed by Energy Recovery Concepts, LLC. As Maverick continues to drill and produce from its fields Energy Recovery Concepts, LLC
will assess this new information and may upgrade or downgrade reserves balances. I highlight however that over 40% of Maverick's current acreage has not had any reserves allocated to it yet, and further, there are no reserves allocated to any of the overhang, flank or deep high impact
targets, with 64 of these higher impact targets planned for drilling over the coming 7 months."
Regards
Andrew Crawford
CFO and Company Secretary
Maverick Drilling & Exploration Limited
Add to My Watchlist
What is My Watchlist?