catalysts & the road ahead, page-9

TShirt, the wording I got via email was "MAD are updating their reserves and I believe Netherlands Sewell is undertaking the work". I have not asked further questions about the validity of the statement. John has in the past also suggested that Ryder Scott could be used for the exercise. His view is that ultimately it is production that will validate the reserves, not the personnel responsible for the reserve certification, though we all agree that Netherlands Sewell or Ryder Scott represent quality. He has also spoken favourably about Richard Pomrenke who understands salt domes better than anyone else and has provided reserve estimates to date in accordance with industry best practice and recommended standards. Sorry, this is all I know. Hope it's of some help. Cheers.