crucial fact, page-15

Gross production increasing month on month indeed. Maybe, perhaps even likely net production increasing too.... but seems you don't know this is indeed the case or to what extent.

Yes "cash received from oil sales" is up but as highlighted in an earlier post it is not possible to reconcile this with the stated capex, opex a reasonable assumption for G&A and the drop in cash balance. Therefore I query if the JV for Gulf South is being treated in some kind of accounting way whereby their share of revenue is recognised by MAD - who knows. All that is clear is there is a discrepancy

"Working interest remaining the same" - patently not true they drilled one well in the december quarter with a 66.6% working interest, the rest were 90% or 100%. During the January quarter 10 of 21 were 66.7% working interest but of those 21, 3 were plugged, 2 at 90% WI and one at 100% WI so clearly their effective working interest in production generated from those wells is lower than it has been in the past.

Paprika you are fond of quoting things as "facts", you should check that first - things aren't just facts because you say they are.