the facts and figures tell the story, page-23

Blue, MAD's production grew at 21% last month. 19% the month before, and 26% the month before that. In which month will their production begin to slow? Consider your answer when considering that they've only just begun to ramp up. The reason why I ask is because if MAD continues at the same rate until July, then production will be an average of 2,200bopd.

Personally I prefer to go with the trend in trading. I apply the same logic when viewing MAD's production. If they are maintaining production increases at around 20%, are we wise in calling a tapering off (in percentage terms only) in production so early. Remember April was a record month for production. I certainly won't be betting again 2000bopd by the end of July.