confirmation, page-29

Yep Sharks. MAD had a decline in overall production last year. NOT a decline in individual well flow rates. A HUGE difference and the harbingers of doom are preying upon people not understanding the reasons.

The decline was due to MAD not completing wells due to economic reasons. I recall reading that it was about 60 wells which had been drilled until mid year which ended up being plugged (cash constraints?). HENCE the decline in OVERALL production .

These doomsayers are trying to paint a picture that wells are flowing less oil than they initially were, citing water, gas or other superfluous reasons etc.

Anyway, now that those wells are getting a work-over, they are now adding to the monthly increases in production, with new drills (including high-impacts to come).

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On a side note about people who admit they are now going short there is a very big giveaway to the motivation of their baseless 'sky is falling' claims. As we know, when one shorts a stock, one is borrowing stock to be returned at a later date. Therefore it is imperative that s shorter places a stop loss not far above their entry as that shorter cannot afford for the price to move up as excess funds would have to be provided to the broker.

So if somebody went short at 66c yesterday, they would have placed a stop loss at perhaps around 70c. Now if that was you, you would be in a desperate situation now to prevent your stop from being triggered. After all, it's not as though a shorter can ride it out as they are at risk of having to put in more capital to close their position. Consider it like a margin call in reverse.

Perhaps this is motivation for some of the increased fundamentally illogical venting as the share price rises? Makes no sense otherwise. I do truly hope that some of these shorters didn't go short at 60c and fail to place a stop loss. That would be painful indeed. Well they can't say that they weren't warned!