You should contact John Campbell at Oil & Gas Weekly and get his view. I am a subscriber and he expressed a view in last weekend's edition with specific regard to the pending reserves update. In short, he maintains production is the still the missing link and expects the reserves to be downgraded which may exert further downward pressure on the share price if the number is low. Not suggesting he is right as he is Just expressing a view. I got into MAD in early 2011 on the weight of John's recommendation. Suggest you subscribe to Oil and Gas Weekly for about $300 a year - he might even do an initial 6 month subscription. You get a weekly newsletter + he is now also covering uranium & rare earths.
FDM Price at posting:
24.5¢ Sentiment: None Disclosure: Not Held