Thanks Stockanalyst1/PS, I guess I'm intrigued by the comparison...

Thanks Stockanalyst1/PS,
I guess I'm intrigued by the comparison between the two because some small cap oil and gas analysts seem to think negative cashflow at the stage of maturity AUT / AWE are at demonstrates that their shale assets are only marginally economic yet also maintain a bullish view on MAD which has raised many times more equity than it said it would need to in the prospectus because it never turned cashflow positive which it said it would do within 6 months of listing.
It's true that AUT is borrowing to fund development just as MAD is raising equity to fund its development. You point out that AUT's production wells are <200 bopd each, I assume that's current production rate taking into account dry holes (in their case few to none) and decline from older wells. A like for like comparison with MAD would get a rate in the mid single digits.
What is your prediction for if / when MAD will turn cashflow positive?