Ann: Change of Director's Interest Notice - J. Michael Yeager-MAD.AX, page-14

I have a theory here, with all the directors purchasing stock no doubt off the back of the solid eagle ford acquisition and the positive outlook for MAD. The share price has seen a fair kick in recent weeks maybe off the back of these purchases. With cash running very low as I suspect we will see in the June quarterly and with there being no certainty that Blue Ridge will be sold any time soon. We might see a capital raising very soon. It was one of their finance options to bridge the gap between the wells fargo facility and operating cash to get production up and running. At 4 cents a capital raising was off the table given its negative impact on shareholder dilution however as we are approaching 10 cents a share this might now be an option. Just a thought... Very keen to see MAD start developing the eagle Ford acreage and see where we go from there.