Just having a read of MAD prospectus and noted this:
"Maverick has existing production of 299 BOPD""
AND
"Since October 2009, 10 new wells have been drilled, all of which are completed and currently producing an average of 26.5 BOPD per well, within our target average of 25-30 BOPD per well." Further it says "with cash flow from the production revenue and contract drilling, have sufficient free cash flow to fund two new wells each month"
Anyone see similiarities here? Anyone notice that Titan is producing wells more than 25-30 BOPD? It seems management is following MADs drilling and exploration plan identically and so far, it seems to be paying off.
Im not saying Titan is like MAD right now, but the potential is there if they keep discovering more oil. ALso don't forget DR11.
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Just having a read of MAD prospectus and noted this:"Maverick...
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