I also have followed this stock since it was mentioned by OGW...

I also have followed this stock since it was mentioned by OGW and took the opportunity presented by the cap rasing to buy at average 21c, now underwater. However I see this as not unusual following a cap raising these days and better than buying at 24 when I was first tempted.
There should be no doubt about producing > 12000 bo this month given this was the rate in the last 2 weeks of Feb and a few more wells should have come on line during early March.
Now the cap raising is done and dusted I see MAD forging ahead on good announcements, the first of which should be this week.