FACT...MAD has the 5th largest 2P oil reserves on the ASX.
Here is the key people...
At current levels the company can selffund the drilling of 6 new wells per month (out of a portfolio of more than 400 drill sites), with each well expected to average 25 BOPD.
MAD has a potential unrisked 2P reserves valuation for Blue Ridge ALONE at A$0.94/share.
I topped up some more today...
FACT...MAD has the 5th largest 2P oil reserves on the ASX.Here...
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