Koro. That is an interesting observation. The whole question mark over MAD had been whether it could increase production from drilling many low cost low flow wells. Well production has double over the past few months, so the market is now beginning to like the unique business plan.
As TTE is following MAD's strategy, any MAD success can only be a positive for TTE. I think it is worth TTE holders to keep an eye on MAD for this reasons. TTE has hit a great flowing well. However, it is the number of development wells off the back of this which is TTE's game place and could pay handsome dividends for TTE. Off each successful high-impact well, MAD expects to be able to drill 20-40 further development wells.
Disclosure - I hold both.
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