With reference to the promissory note due late 2012 given the performance of MAD this note could be refinanced in whole or part from other sources.
The latest increase of $10/barrel arising from oil quality factors gives MAD an uplift of $200,000+ per month to add to positive cashflow.
MAD is conservative but they sure know their local oil fields.
With reference to the promissory note due late 2012 given the...
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