G'day Razzo, you have written two very interesting post on MAD thread.
From M&A point of view, how do you derisk your oil and gas assets? I don't know if you have followed MAD posts here but there has been a lot of speculation that MAD overstated if this is the right word, their 1P reserves so now they have been drilling 'madly' to make up the numbers.
I personally don't think this is the case but how would you look at it if say you were the banker who was to lend large funds to potential purchaser.
Thanx in advance.
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