crucial fact, page-14

Maverick get 70-75% of production revenue as per HTM Wilson Recent update. This is HTM Wilson estimate.. Get over it Ptolemic. That's what they receive. You can stop harping on the issue. So if production is at 1000bopd then their cut is ~700-750bopd.

The reserves are 102m 1P. And they still must release the reserves upgrade based on the fact that 40% of their leases are still yet to be assessed. Again, unless management tell us otherwise, that's the info we have.

Production is increasing no matter which way you look at it. With new rigs, more employees, Gulf drilling it will continue to climb.

$50 mill in bank. Very healthy especially if gulf sign up for more. I expect this to come down a little as they grow their production profile. But so what?

Management doing everything right but SP would be nice at $1.20.