multi bagger this year, page-17

WOW... this is very impressive

We can finally put a valued / mkt tested 3rd party value on this company. What better way to value an equivilant company, then by a T/O offer for a comparable coy.

This is my comparison on MAD (vs Cordillera)

We have 72.8mbbls of 2P (against 71.5mbbls)
We are producing at 1000mbbls/day (against 18000mbbls/day)
We have a tightly held register (as do they)

Our 72.8mbbls of 2P is on c. 20% of our land <1700 acres of Blue Ridge, 4500 acres of BoilingDome & 2700 acres of Nash> (against their 71.8mbbls of 2P on ALL THEIR LAND)

The key take our here is that WHEN we increase production significantly over time, we can expect a similar, if not higher valuation on MAD. It may take MAD 2 - 3 yrs to increase production from 1000 bbls/day up to 18000 bbls/day, but the payoff would be unbelievable.

A $2.85B valuation on MAD is c. $7.50/Share... I don't know about you, but i'd wait 2 - 3 yrs for this little gem to become a 20+ bagger!!

IMO ONLY - DYOR