whats the pe of maverick, page-7

Reserves dont make a company. Whats the point of having 100m barrels of reserves, if you need to drill 2000 wells to get the oil out. That takes a long time to drill, that takes decades. Each well maverick drills at best will pump about 100,000 barrels of oil over decades. They are extremely slow to pay back. The only reason mad is drilling the wells because they own and operate the drilling machines and can keep the well cost to about $250k + workovers. The feilds would not be profitable otherwise. Plenty of other companies have tried. The three feilds are old feilds found in the 1920's and 1930's. The easy oil has gone, maverick know this. As for comparing mad to linc energy's texas feilds. They are totally different for one when linc bought the feilds they where pumping 2500 bod, and each new well would flow in the hundreds, not 25bod. Much easlier for linc to up production. You cant use lincs valuation for mads assets, even mad managers would tell you that

As for buru, thats another poor comparision. Buru wells flow in the hundred barrels. One i recon was like 400 bod. They have discovered a new provence where oil and gas is. Naturally the hype around that has made the share price take off. If buru prove up more feilds the share price will continue to go up, if they dont it will come down. Mad and bru, you must be kidding. Give us a proper comparision. No doubt paul100 will find one. I cant really think of one at the moment, most oil companies chase 100 bod wells