confirmation, page-32

Went short at 60c? I hope you had a stop in place!

MAD had $19m at the end of June. Had they completed all of these wells, they wouldn't have had any money at the end of June and it would have meant that they wouldn't have been in a strong negotiating position to ensure the subsequent $50m capital raising took place at such a price. I view this as very shrewd money management. Now MAD has enough money to complete the wells and get a return on investment thereby ensuring any future drawdown on funds is relatively minimal.

"In the coming 6 months the truth will eventually come to the surface. The first clue will be whether Gulf goes again and provides more financing. "

No. The big clue was that despite and average quarter of production Jul-Sep, Gulf and Maverick struck a deal in December!

Keep trying. I doubt your mob is fooling anybody...certainly not the market! Next week is only going to get worse. If I were short, and not short of funds, I'd definitely consider going long....pronto!