wow what a sell off, page-35

Paul,

If you pull out random timeframes you can prove anything.

For instance:

I have consistently been a supporter of the stock, since 28c, and now its 94c. I'd say that proves I'm awesome but its a random timeframe that proves nothing.

you picked a time of weakness in oil price (as shown by my graph a few posts above) where oil price has fallen MORE than MAD over the last 6 months. Considering this is an oil stock with no diversified interest, saying it would face weakness in the face of weak oil prices is obvious, not astute.

Yet you continue to MISLEAD (yes I am actually going that far) people in saying that MAD management are INCAPABLE of increasing production, that DECLINE rates are huge and that production per well is over-stated.

Not to mention, you claim the reserves analysis is fraudulent.

Yet, when asked to comment on the things outside of the negative realm, like MAD management clearly saying production would not improve during 2nd or 3rd quarter due to 2 reasons stated in their quarterly, you never mention it.

When faced with the detail provided by MAD that wells have been plugged off so they can be re-worked later, because of contract drilling requirements, and only 35% of wells are actually producing currently, you state that decline rates are huge and wells are only producing 10BOPD/well when this is untrue and the actual figure is closer to 25BOPD/well.

When faced with new business developments like the Gulf deal, you say that its a negative because Gulf can exit at anytime, giving MAD only 9million additional capital rather than 100mil. When asked how thats a negative, you fail to answer.

When facing a positive announcement of drilling fleet increases and new rigs coming online between now and early 2013, you say that they said it should of already happened in Q3, because thats when they originally set for production increases IN 1st QUARTER this year which has been superceded by later announcements anyway!

I get that you don't like the stock, you probably post on SIR, SYR and any other stock which had a major boom in 2012 and criticise them too but more than likely its due to you not being able to see a bargain, rather than the stock being over-hyped and over-valued.

If oil continues to drop, MAD probably will too. Its a commodity company trading based on reserves and production, not just production like your narrow view seems to think.

As this morning shows, rebound of oil by 0.86% and MAD is up in a down market day... So please don't act like you were 'consitently' right, when in fact, your reasoning has been false and the drop was due to macro economic reasons.