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Re: MAD - Maverick Drilling & Exploration

sismek70 said:
I agree with you Adds, found this gem under the radar, I will be buying some!
Click to expand...

Might have to hurry, friday felt like the sellers are starting to dry up.
Flow rates are lower than eagleford shale wells but well costs are only $200,000 compared to approx $8million for eagleford shale wells, so economics stack up very well.
 
Re: MAD - Maverick Drilling & Exploration

In the december production announcment, they talked about weather could be a factor. So far the weather has been excellent, just a cool 15 - 20 each day for next two weeks is the forcast, with some rain days. No mention of snow or anything like that.

On another note, i think the rerating has arrived early, been some strong trading days lately, with some good volume
 
Re: MAD - Maverick Drilling & Exploration

no sellers around anymore. Come on trojan put some more shares for sale for people, the sell side is getting a bit thin
 
Re: MAD - Maverick Drilling & Exploration

A few sellers appeared when the price started going up, but they got snapped up pretty quickly. My bet would be most will be held for much higher prices later in the year. Should be on a few more watchlists after today.
 
Re: MAD - Maverick Drilling & Exploration

Just discovered this thread by the middle of the last week. Looks promising. Hope I am not too late for the party. Good luck to all who passed the door yet.
 
Re: MAD - Maverick Drilling & Exploration

I dont think you are late, this is still undervalued to its performance upto date. Which small oil stock, has upped production by 100% 6 months after listing. Tell me which was even pumping any oil after 6 months. The only real risk factor is the oil price with this one. Very professional outfit. Directors have alot in the company, so they want to get it right, and they follow the proven method of slow and steady. No high production numbers, to trick people. They manage the wells conservative, so they get long production periods, not 6 months of high production, and then not much, work the well over and hammer it again, and do it over and over again. If it can be done at blue ridge, it can be done at boiling, that is the beaty of this stock. Mad can make, borderline economic fields, into highly profitable ones.
 
Re: MAD - Maverick Drilling & Exploration

Oil has hit $92 a barrel, and with the bulls controlling the market it could start heading to $100. At around about 500 bod (likely january production), every $1 rise in oil price puts in $182,500 in the bank after a yr. With production climbing every month this figure rises, at th companies target of 2000bod, by the end of 2011, every $1 rise in oil price puts in $730,000 in the bank after a yr.

So with rising production and a rising oil price, my valuations for mad just keep on improving. Still the most undervalued oil stock on the market, even with this small rise
 
Re: MAD - Maverick Drilling & Exploration

Maverick has also caught the eye of both Oil and Gas Weekly and RBS Morgans. Google both reports. Their 2P reserves alone are worth 96 cents with more to come. And the top 20 shareholders own over 50% of the company.

Nice and solid with production increasing by 75 bopd per month. Hold for long term appreciation.
 
Re: MAD - Maverick Drilling & Exploration

very strong buy side now. Chances of a pull back are slim now. More than likely mad is going start its second leg up now. Its in the shakeout stage at the moment
 
Re: MAD - Maverick Drilling & Exploration

Alot of bullish commentary about the price of oil. Thats excellent for mads cash flows, just going to make it harder to get some cheap acerage. Lucky there is plenty of acerage in the portfolio already anyway

With the drilling part of the company, i bet they must be fielding alot of enquires for contract drilling.
 
Re: MAD - Maverick Drilling & Exploration

Hope I'm not too late to the party! Gonna try and get in on Monday, here's hoping it won't open higher!
 
Re: MAD - Maverick Drilling & Exploration

i dont think you are to late. By 30 june the risk profile of mad will be nearly nil, as they will be cash flow positive, and most likely drillling in two oil fields (or in the process of organising two feilds). Its a great business plan, hopefully management and staff can pull it off.
 
Re: MAD - Maverick Drilling & Exploration

Topped up today. Thanks to Chief Wigam and others for bringing this stock to attention! :D.
 
Re: MAD - Maverick Drilling & Exploration

after reading the quarterly. I have worked out why they are going through the cash fast, the oil price they get is like $53 for quarter. The oil sales in january they got $60. Have they hedged the price for a while?
 
Re: MAD - Maverick Drilling & Exploration

adds4 said:
after reading the quarterly. I have worked out why they are going through the cash fast, the oil price they get is like $53 for quarter. The oil sales in january they got $60. Have they hedged the price for a while?
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Yeah, I noticed that too while reading the report. Is there any reason for the low price? Oil is said to rise quite significantly and MAD should stand to benefit well.
 
Re: MAD - Maverick Drilling & Exploration

adds4 said:
after reading the quarterly. I have worked out why they are going through the cash fast, the oil price they get is like $53 for quarter. The oil sales in january they got $60. Have they hedged the price for a while?
Click to expand...
Also read the quarterly. They do seem to be burning through cash rather fast for an exploration company that has actually started to produce. I really don't have much experience to compare against though, maybe this is a normal rate.
Info: http://www.maverickdrilling.com/index.html
 
Re: MAD - Maverick Drilling & Exploration

Adds and Doneat me,
I had the same question about the oil price a while ago. Then I found out the answer from company secretary.

Refer to section 4.3 of the prospectus. While Maverick has between 90% and 100% working interest in the oil leases on Blue Ridge Dome, they have only between 66.5% and 75% net revenue interest. The net revenue interest is the amount remaining after the royalty percentage has been paid to the land/royalty owner. As such, the amount you have calculated is the net revenue interest amount and would need to be gross up to arrive at the actual average oil price.

I am still holding my entire original parcel and don't intend to sell any time in the next couple of months.
 
Re: MAD - Maverick Drilling & Exploration

Chief Wigam said:
Adds and Doneat me,
I had the same question about the oil price a while ago. Then I found out the answer from company secretary.

Refer to section 4.3 of the prospectus. While Maverick has between 90% and 100% working interest in the oil leases on Blue Ridge Dome, they have only between 66.5% and 75% net revenue interest. The net revenue interest is the amount remaining after the royalty percentage has been paid to the land/royalty owner. As such, the amount you have calculated is the net revenue interest amount and would need to be gross up to arrive at the actual average oil price.

I am still holding my entire original parcel and don't intend to sell any time in the next couple of months.
Click to expand...

I see, thanks for the clarification.

I believe they have some knowledgeable management that know what they're doing, also holding for the long run as I think this capital raising will have a negative effect on the SP short-term.
 

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