I personally don't expect that a reserves upgrade alone will...

I personally don't expect that a reserves upgrade alone will propel the SP much higher.

But I do think it will underpin the SP at around the $1 - $1.10 level.

Then we have other things around the corner that will quite possibly propel the SP higher such as more production (MAD drilling 100% own wells as of now), higher flow rates from Nash and Bolling, Exciting new Acreage, and any number of other developments.

MAD management have a habit of under promising and over delivering so I look forward to the next pieces of news whenever they come.

MAD is holding up nicely in the current climate. The longer it stays at these levels, the more coiled the spring gets IMO!!.