Just doing some work late night and needed a break so I had a quick check of the MAD annoucements and found the following interesting.
The plugged Well at long branch earlier this year commenced drilling on 12 Sept and finished on the 2nd October (21 days)
On the operations update (Dec 12) Mgt sighted an additional Well going into Blue Ridge (an absolute money making area for MAD) within a week of the 19th December 2012.
Maybe the upcoming X factor announcment MAD are famous for will be another high yeild drilling site. If you need a reminder jump on the MAD website and check March 2011 when Blue Ridge was outlined in detail and significt time and funds were poured into geophysical analysis. I think mgt know exactly what they are doing and we should know by 15th - 25th Janaury if we have another successful site within Blue Ridge.
FDM Price at posting:
77.0¢ Sentiment: Buy Disclosure: Held
