wow what a sell off, page-44

I personally don't mind the debate that Paul puts forward as it challenges the position that I have with this stock (and I probably look a little harder because of that), but Nihilism is 100% correct on the reserves.

1P is 1P ....if the expert who signed off on the reserves rating doesn't believe that the oil in the ground is not 90% commercially recoverable (with current day capability) in the particular field he/she is reporting on then they can't put it in the report. If they do so then it is fraudulent.

Anyone who questions the reserves that MAD have reported should put forward a genuine reason they do not believe the reports. If they don't have a specific reason then don't question it.

Paul is right in that production is the key, but my view is that this is only a matter of time as I have no reason to doubt the reserves report.....