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Re: MAD - Maverick Drilling & Exploration

The way the shares have been falling the last 6 months, is it possible that the shares could go back to 20 cents (the price before this massive rise)? Hasnt been any news about the high impact wells, no news usually means bad news. If there was good news by now, they would have released it, im sure any company would? Market update would be good by managment, it would do two things, soften the blown if results arent as good as hoped, or above expectation the shares will rise slowly. Doing nothing always makes the shares fall more than it should
 
Re: MAD - Maverick Drilling & Exploration

still falling, need an announcement from management to stop the fall. surely production numbers are up, release what they are, will calm down the market. Going on trend the oil production should be at 1200 bod, thats the most ever for the company
 
Re: MAD - Maverick Drilling & Exploration

adds4 said:
still falling, need an announcement from management to stop the fall. surely production numbers are up, release what they are, will calm down the market. Going on trend the oil production should be at 1200 bod, thats the most ever for the company
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How did you work out present production at 1200 bod, the last figures I've seen are 692 bod for December.
I would have thought if they were getting such positive results, they would have had an announcement by now, so I'd be assuming very little positive has happened.
 
Re: MAD - Maverick Drilling & Exploration

rcm617 said:
How did you work out present production at 1200 bod, the last figures I've seen are 692 bod for December.
I would have thought if they were getting such positive results, they would have had an announcement by now, so I'd be assuming very little positive has happened.
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wasnt really far off my prediction of 1200 bod, by the looks of the production report, about 1100 bod. Not bad, but at the same time, not that good. The shares reacted positive to the news, because its new news. Company has to learn to give out more reports as the yr progresses.

For me a company with a market cap of 250m, and producing 1100 bod, and not increasing that much, doesnt make sense, its over valued. Good opportunity for people to get out if they want, cos the shares have stabilized now. Was a horrible feeling when they where continuely dropping. Transparency by the company has halted the drive lower. Any news is good news, when a share is dropping like mad is.
 
Re: MAD - Maverick Drilling & Exploration

February average to me looks like about 850 bopd, with a spike up to 1100 about a week ago, but back below 1000 on the last day of the graph. Looks like quite a drop after each spike on that graph.
At least they are making progress and increasing production. Still not progressing enough for me to buy back in; probably where the price will head will depend on their high impact wells, so a bit of a gamble from here on in.
 
Re: MAD - Maverick Drilling & Exploration

Oh dear mad have had problems with the high impact well they are drilling. Another 175k wasted, all because they didnt use heavier mud (trying to save a few $$$, cost them the well, and luckily no one was hurt). Looks like the high impact wells will have a good gas section in them, which is not what mad are looking for, or likely to put into production. Mad didnt hit the oil bearing zone so dont really know if there is any oil in the well. Another month wasted. Didnt say anything about any other high impact wells being drilled? Taking there time thats for sure. How on earth are they going to drill 60 high impact wells this yr. Its march, and they havent finished one this yr. The market isnt going to like the time delay, i am sure the shares will continue to fall if production doesnt increase in the shallow well program. I dont believe any of the companies predictions any more. Usually you divide them by half, and thats what you usally get.

Good thing is aleast the company is releasing announcment to the market, going to get a small price increase today from the announcment. Good or bad when the company annouces something the trend is the share price goes up
 
Re: MAD - Maverick Drilling & Exploration

adds4 said:
Good thing is aleast the company is releasing announcment to the market, going to get a small price increase today from the announcment. Good or bad when the company annouces something the trend is the share price goes up
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The tone of the ASX announcement is as vague as I've ever read.

Commenting on the situation of the Zivley #100, Don Henrich, Executive Chairman stated “This is certainly a unique start to our Blue Ridge Dome high impact program. While Maverick has encountered many kicks of this magnitude over our 39 years of contract drilling, having it occur on one of our own tests is exciting. We are most thankful no one was hurt. While we regret leaving pipe in any hole, our in-house rig and infrastructure will limit the cost of this well to less than $175,000. This kind of event requires that we get back onto the horse and ride again. There are no guarantees, but it certainly makes it interesting ”.
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How about some actual interpretation of the event rather than it being unique and interesting?

Anyone knows what blowout usually mean? The market seem to think it's a positive. Is that justified?
 
Re: MAD - Maverick Drilling & Exploration

skc said:
The tone of the ASX announcement is as vague as I've ever read.



How about some actual interpretation of the event rather than it being unique and interesting?

Anyone knows what blowout usually mean? The market seem to think it's a positive. Is that justified?
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Blow out means the well is stuffed on the negative side, but on the positive side it means there is lots of pressure in the well, so hopefully that pressure helps lift the oil out, if they do find any oil. For me its a nothing announcement, the company has wasted 175k on a well, but at the same time mad has encountered a good gas section so far. Make what you will out of it. Managment has tried to spin a positive tone to the announcment. The shares finished at the low of the day, that usually means the smart money has slowly exited during the day
 
Re: MAD - Maverick Drilling & Exploration

adds4 said:
Blow out means the well is stuffed on the negative side, but on the positive side it means there is lots of pressure in the well, so hopefully that pressure helps lift the oil out, if they do find any oil. For me its a nothing announcement, the company has wasted 175k on a well, but at the same time mad has encountered a good gas section so far. Make what you will out of it. Managment has tried to spin a positive tone to the announcment. The shares finished at the low of the day, that usually means the smart money has slowly exited during the day
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Well seems to be back on a slight rally for the last couple of months. I think its going to be a long haul back.
 
Re: MAD - Maverick Drilling & Exploration

jancha said:
Too bad YOU didn't have it shoehorned into a CONFIRMATION to buy this Crappy Stock (as you put it) last friday.. Your right about one thing tho i may have to spew up half of MAD holdings at a 10% profit to those institutes. lol. And i'll take a crappy stocks any day of the week if it gives me a profit:rolleyes:
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jancha said:
Could be a long haul back but i'm back in @ .48c
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When did you get out of your last trade? As last time you were telling me what a gunn you are was the high for 4 months. No doubt you got out then?
 
Re: MAD - Maverick Drilling & Exploration

Trembling Hand said:
When did you get out of your last trade? As last time you were telling me what a gunn you are was the high for 4 months. No doubt you got out then?
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I don't recall telling you I was a gun but thanks anyway.... As for when I got out and re-entered just look back at previous posts work it out for yourself. Seeing as your so interested I've resold @ .52c but looking at buying back in at 48c. Keep on trembling old timer
 
Re: MAD - Maverick Drilling & Exploration

Fairly positive announcement out this afternoon. Mavericks joint venture with Gulf South looks to be coming along quite nicely with their high impact drilling results. From here I think the success of Maverick and its sp will depend on this joint venture. Long way to go but at least with Gulf South contributing $333,333 towards each new well you wouldn't think there'd be no need for a C/Rs in the future.
 
Re: MAD - Maverick Drilling & Exploration

jancha said:
I don't recall telling you I was a gun but thanks anyway.... As for when I got out and re-entered just look back at previous posts work it out for yourself. Seeing as your so interested I've resold @ .52c but looking at buying back in at 48c. Keep on trembling old timer
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wunderkind
 
Re: MAD - Maverick Drilling & Exploration

Guru status with a midas touch :D

Let me see, PEN, RED, MAD, TNG, SUD, BDR and TZN are a few that come to mind, have I missed any jancha ?
 
Re: MAD - Maverick Drilling & Exploration

Boggo said:
Guru status with a midas touch :D

Let me see, PEN, RED, MAD, TNG, SUD, BDR and TZN are a few that come to mind, have I missed any jancha ?
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Ncm pru ctx wes ton sar tng bhp anz amp ben aut nst ect ect ....Whats the point Boogo?
 
Re: MAD - Maverick Drilling & Exploration

jancha said:
Ncm pru ctx wes ton sar tng bhp anz amp ben aut nst ect ect ....Whats the point Boogo?
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I looked at the first two of those, NCM and PRU, and yes they too have been winners - not.
My point is that every stock you follow/push/comment on that I have listed plus the first two of your list above have been disasters unless you are shorting them.

Maybe it is you who is that nasty shorter that is wreaking havoc on PEN - you cunning little beggar, well done :D
 

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