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FDM - Freedom Oil and Gas

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Re: MAD - Maverick Drilling & Exploration

thanks for clearing up the oil price for me chief.

I think the capital raising is a possible move, although it is before i would have liked. My time table would have been in april some time. But they are going through the cash pretty fast because they are drilling quicker than they expected too, and that now they are going to be developing two fields instead of one. You arent going to die wondering with mad. When they set up a drilling problem, they go for it at 110%. If only other oil stocks on the market had the same engery and drive, instead of promising stuff and constantly behind
 
Re: MAD - Maverick Drilling & Exploration

anybody got an idea on how much they want to raise from the spp. By guess would be a couple of million. How many shareholders would there be?

whats the chances of getting the whole spp amount of $15k worth or 71,428 shares?
 
Re: MAD - Maverick Drilling & Exploration

med term you should do well. The next four months upto june/ july will be an interesting time, hopefully they can keep up with the tough schedule. Think the last two months was that flat period drillers gets. Cant go flat out for the whole yr.
 
Re: MAD - Maverick Drilling & Exploration

the march drilling report comes out next week. Need to show the market the feild is flowing over 400 bod, otherwise the share price will continue to fall. But if positive news flows, toghether with the uplft from last months production numbers, confidence should return to the stock, and mad should return to the 20's again and continue the slow climb

Trojan equity is going to unload the remaining shareholding of 7m shares in may as well, as thats when they come out of escrow. Theres your buying opportunity in may too, saving up for that one
 
Re: MAD - Maverick Drilling & Exploration

good production numbers in march with 430 per day. With the oil price being so high, should help the company become cash flow positive very quick. Need to get another three wells on line this month. Hopefully one of those is a 50 bod well
 
Re: MAD - Maverick Drilling & Exploration

adds4 said:
good production numbers in march with 430 per day. With the oil price being so high, should help the company become cash flow positive very quick. Need to get another three wells on line this month. Hopefully one of those is a 50 bod well
Click to expand...

Looks like we got 3 new wells with production over 50bopd in the april drilling report. No production report till later this month but if you add the totals of the wells adds up to 608 bopd.
If we get a similar lift next month should definately be cashflow positive next quarter.
 
Re: MAD - Maverick Drilling & Exploration

not long now until we will see some good sp movement .
need to wait out the completion of tjn sell off.
good time to be aquiring atm imo.
 
Re: MAD - Maverick Drilling & Exploration

muppet said:
not long now until we will see some good sp movement .
need to wait out the completion of tjn sell off.
good time to be aquiring atm imo.
Click to expand...

Looks like TJN have finally completed their selloff and the shareprice might start catching up with production. Going on this months production we should be very close to fully funding all drilling and expenses from production and any further increases will be building up cash reserves.
Plenty of upside in this once they start drilling Bolling Dome and some of the bigger targets in Edwards Reef and Foothold.
 
Re: MAD - Maverick Drilling & Exploration

been some good volume the last week, with the share price slowly rising. Not long for all to wait until mad are self funding with the drilling. Our second oil field development shouldnt be that far away
 
Re: MAD - Maverick Drilling & Exploration

adds4 said:
been some good volume the last week, with the share price slowly rising. Not long for all to wait until mad are self funding with the drilling. Our second oil field development shouldnt be that far away
Click to expand...

Starting to get up a head of steam. Once it gets over the 22c mark, shouldnt take it long to get back up to the 29c mark it was at in January, after all it is now producing double what it was then.
 
Re: MAD - Maverick Drilling & Exploration

rcm617 said:
Starting to get up a head of steam. Once it gets over the 22c mark, shouldnt take it long to get back up to the 29c mark it was at in January, after all it is now producing double what it was then.
Click to expand...


With trojan out of the way, you will find now the share price will head north to what it should have been. Everybody knew about trojan, and so one thinks maybe people held off a bit until the trojan shares had been all sold, and now are buying because they know there should be no share price pressure anymore. Just a thought.

Production numbers are looking good at the moment. Hopefully this yr, they can get the production up to the 1000 bod mark. That would give the company some serious cash to play with to drill boiling dome.

Can really see this company getting to 50 cents by yrs end, if everything goes to plan
 
Re: MAD - Maverick Drilling & Exploration

things will get very interesting around the next drilling & production reports.
IMO i think mad will hit 750 -780 BOPD and be cashflow + .
this will make some insto's sit up and take notice.
the management keep powering ahead and hitting or exceeding there mark each and every time.
once they have the cashflow things will be very interesting to see how fast MAD will grow .
production is the key not reserves in the ground!

sit back and enjoy the ride.:)
 
Re: MAD - Maverick Drilling & Exploration

think i missed the boat to get back on this, trading halt for reserve upgrade.
 
Re: MAD - Maverick Drilling & Exploration

suhm said:
think i missed the boat to get back on this, trading halt for reserve upgrade.
Click to expand...

I hope you're right :p I just jumped on the boat last week at 22.5c. I saw the trading halt and thought "Oh no! Capital raising!" then had the pleasant surprise of reading 'reserves upgrade'. Awesome :) Glad to have joined the MADmen when I did :)
 
Re: MAD - Maverick Drilling & Exploration

Reserve upgrade, production increasing, most probably drilling boiling dome soon. Blue sky if you ask me. People will be talking about how could you buy this stock in the 20's in the not to distant future
 
Re: MAD - Maverick Drilling & Exploration

Sdajii to be honest I had the same fear, but instead VERY pleasant news. RBS Morgans had the 1P reserves valued at 55 cents, based on the 800 acres that MAD listed with, sure we've had an ~20% dilution from the capital raising done a while back, but now we have 4000 acres or so (an increase of 3200, or 400%). If 1P reserves even JUST double, that's like 80-90 cents, given that it's a 400% increase in acerage, if the report is for the entire lot, I'd highly doubt only just double the reserves. Desperately trying to find something wrong with MAD, but I keep drawing blanks. Largest holding I currently have and extremely comfortable about it!

JM.
 
Re: MAD - Maverick Drilling & Exploration

I would think the reserves upgrades are only for the orginal acerage. I would think they would have doubled the 1p to 16m barrels, and increased the 2p to around 30m barrels. 30 cents anybody on open?
 
Re: MAD - Maverick Drilling & Exploration

It will be interesting and exciting to see how the reserves upgrades go.

Now will it be enough to create a huge sustained flurry in this terrified, dying dog of a market ? :eek: We'll see. But at least it means the longer term value of MAD is looking even better.
 
Re: MAD - Maverick Drilling & Exploration

Massive upgrade of reserves to 12.4 mmb for 1P and 52.4 mmb for 2P, and thats only Blue Ridge Dome.
Hope I can get a few more in the 20's.
 

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