mad reserve upgrade within 2 weeks

We should see upside pressure on the shareprice over the next 10 trading days, due to the company announcing they will release reserves for Nash salt Dome within that time frame. With historic drilling data available to help calculate reserves I suspect we will get a material figure..

Nash net acreage is roughly 65% above that of the Blue Ridge acreage that reserves are attributed. So far the information released by the company suggests that Nash is at minimum comparable to Blue Ridge in quality. All things being equal that would be roughly 110mmbo. I expect a figure around 30mmbo could be possible at this stage and if so would take MAD above the magic 100mmbo 2p that would clearly distinguish it from its peers...If not we can guarantee we will smash that figure when reserves for Boling are released within 8 weeks. At that time MAD would become the largest holder of liquid barrels of any pure oil/gas company on the ASX, which could again result in a major re-rate...

Exciting times. The kick we saw yesterday that was snuffed out may go on today as a result of this report..
Cheers