Paul100, moving forward and after allowing for the massive write down as you predicted and is highlighted in the announcement, how much profit could MAD make per barrel of oil produced ? He's literally stripped out 60% of the workforce and will be very focussed with drilling and production. If they're getting around $US98-100/barrel, is it possible generate a profit and even cash flow of at least $US25-30 per barrel? Any thoughts?
FDM Price at posting:
18.0¢ Sentiment: None Disclosure: Held