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6,074 Posts.
1480
14/06/12
16:16
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Stockrocker,
The more I look at MAD the more I am staggered by what they have.
Thet have 70 plus million barrels of oil ( at 2P )
Within the foreseeable future they will attain a sustainable and growing production level of 2000 bpd.
2000 bbls per day equals 730,000 barrels per year equals $73,000,000 per year.
Sustainable for 96 years!!!!
Admin equals say $15 million per annum.
WHAT ARE THEY GOING TO DO WITH THE REMAINING $58 MILLION.?? per annum
We have 268 million shares on issue. $58 million per year to dish out. That equals 21.6 cents per share annual dividend.
I must have my maths wrong. Either that or I have to buy more.
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