Thanks for your reply - I thought it was a good post because you backed up your statements with some facts and reasoning.
The company did provide its reasons for the slowdown in drilling in early/mid 2012, so not sure why you said they didnt.
In relation to searching for high impact wells, why wouldnt you if you have enough rigs to drill the shallow field development wells and can potentially boost production with new higher yielding prospects. Also if someone was prepared to pay for the shallow field development wells for a minority interest, why also wouldnt you get free-carried on those wells, and use your cash for new value-add exploration?
As to the consistency or adequacy or otherwise of the company's reporting, unfortunately MAD are not alone in not providing enough information. Us investors will always want more information than companies have the time to report, thats a fact of life.
Cheers, Sharks.
FDM Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
