confirmation, page-39

Paprika
"You're showing a complete lack of understanding about financials matters - specifically strategic budgeting and forecasting. A 'have money will spend money' attitude is a recipe for disaster. "

Are you kidding me. I know more about finacial matters than you will ever know. These small wells are supposed to be highly profitable. 25 BOPD , only 250K per well, Pay back only 9 months.

If this were true you would be drilling the crap out of the small wells and would not be wasting any money on High impact.

But MAD want a partner(gulf) to fund the small wells.This makes no sense. If small wells are so profitable that Gulf can pay 133% of the drilling cost for 33% share then why does MAD need a partner. They have over 50M. They can drill 200 small wells. But they say lets take a risk and drill high impact. Again makes no sense unless you know small wells are no good.