Ann: Maverick Shareholder Letter, page-70

I am only aware that the ASX is reviewing announcements the company has made to see if any listing breach has been made. It would then be up to them as to how serious or not is the breach and if it should be referred to ASIC. I think that is prudent in view of the likelihood of such a massive potential reserve downgrade.
After all MAD has continually assured in its releases and website of its large oil reserves.
Any company that makes such a high level of reduction in reserves should be investigated at least to ensure that any past statements were not deliberately misleading, don't you think?