crucial fact, page-72

Sharks - actually I can point directly to the basis upon which the reserves were calculated. Please feel free to review the IPO prospectus which contains the entire reserve report, Section 8, pages 24 - 58. It can be found on the ASX website and is the first announcement made by MAD, on 15/07/2010.
None of the dry wells I am referring to have been factored into the reserves calculations because the reserves calculations I am referring to were made before the dry wells were drilled. That is a fact rather than speculation.
The GS deal is, with respect, relevant. MAD sold those reserves to GS and so now no longer owns them. Another fact.
The Proved well locations they have drilled which went into production will not by virtue of the fact that they are now producing necessarily increase Proved reserves, they will move Proved Undeveloped reserves into the Proved Developed Producing reserves category. The only reason these wells would increase Proved reserves is if they have outperformed the Proved Undeveloped type curve (which I doubt). Fact.
Paprika you can't deny that any of the above facts are not facts merely because I am short.