i plucked that figure from the planned drilling campaign as per Mavericks announcements.
FYI
MAD are drilling 165 wells (with 10 high impact wells)
then i put forward a very conservative case saying that if out of these 165 wells, 90 of them end up being dusters (that would have to be a record for an oil company..lol)leaving 70 wells choked back to 20 bopd per day, you get an end production figure of 1125 bopd.
take the long term view.and remember the market is forward looking,hence Maverick's current SP.
MT79
FDM Price at posting:
$1.14 Sentiment: LT Buy Disclosure: Held