may production data, page-58

you are getting ahead of yourself.

Quarter isn't fully released yet. See what the half yearly says.

IMO, with contract drilling happening, it was is no surprise production fell slightly, as they probably closed wells to schedule workovers. They _will_ need to now catch up on this, and it may be a fairly average july-sep quarter also, as they do this.

The main upside to me, is the sheer volume of oil. The targets specified by seismic. The porosity and permeability of the nash well drilled (which they still haven't started production on as far as I know) should be able to increase production exponentially.

I definetely think MAD reserves are fairly valued at the least.

Linc energy sold at higher $/2p than we are at $/1p. They had more production (3-4x more) so I can see not being even $/2p but for highly probably reserves to be worth less than probable... seems strange.

I suggest you find another company that has $5/1p oil Paul. Just my opinion of course :)