Lowest price ever, page-6

If I am reading the report correctly and if my rough addition was close, then it seems that MAD had about 1350 barrels per day reported over its latest month, on the Texas RRC. This seems to be a decline from the last month, in line with them closing down unprofitable wells and not drilling new ones.

If it is a comparable number it would be a small increase on the previous quarter but down on what was anticipated a few months ago.

I have no idea what people will be expecting and its impact on price. I suppose some people will be expecting it to have plunged already and will be ok, while others will see it as more soon and gloom. I suppose it is just consistent with what we now know, production has peaked for now.