mad on fire, page-12

Hi Nihilism,
Where you said:
My personal bet for the upcoming announcement: 6-7 mbo 1p. 20-25mbo 2p. Well choked flow of 80-120BOPD stabilised.

Is that just on Grose#183 well?
With current 1P and 2P of 28M and 73.8M resp. (which are for blue Ridge ONLY), its quite poss for MAD reserves being upgraded to at least double that during this year. Nash and Boling could each be as good as Blue Ridge but they neeed to drill to prove that. Say between them they are equivalent to Blue Ridge, that would give 1P and 2P reserves of 56M and 146M (ish). But have to drill more as I said. At $10 per barrel in ground thats somewhere between $560M and $1.46Bill market cap. So a lot of upside IMHO in the medium and longer term. It will be interesting to see results of wells they drill over the next few months. Good weather in US, should be a good few months of drilling.