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Re: MAD - Maverick Drilling & Exploration

rcm617 said:
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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I have been a buyer lately, with production increasing, and reserves upgraded, the rerating will come very soon
 
Re: MAD - Maverick Drilling & Exploration

maverick hve expanded to nash dome now. Going to be drilled by nov 2011. Wow these guys are really moving along. They keep just ticking the right boxes
 
Re: MAD - Maverick Drilling & Exploration

I just wanted them to drill more holes instead of buying more land, that is why I sold, wanted for them to be cashflow positive, they are getting there but had to do a cap raise in the interim
 
Re: MAD - Maverick Drilling & Exploration

They had an internal loan set aside for land acquisitions, so this shouldnt eat into their drilling activity. Maybe their reasoning is that with the results they are getting, land on these salt domes wont be cheap for much longer.
We'll have the June drilling report out this week which will give us a pretty good idea of whether they will be cash flow positive this month. Only need about a 15 to 20% increase to do so.
 
Re: MAD - Maverick Drilling & Exploration

I think the term 'rerating' gets thrown around far too much and is often misused, deliberately or otherwise, but this may actually be an example of it being used properly.

I doubled my holding last week and might buy more this week depending on how things go with market response and my available funds.

I didn't see a price of the acquisition in this morning's announcement though. Did I miss it? Does anyone know what they paid and what the production is likely to be, even rough ballparks of possibilities?

Good luck to all the MADmen :)
 
Re: MAD - Maverick Drilling & Exploration

They paid bugger all for acerage, thats why they didnt release the price. Interesting to note Midway college. Has bought some acerage in nash dome, and are going to sink a well down. They recon the well should get out about 250,000 barrels of oil in a couple of yrs. The well cost is 950k and running costs are $4k a month and the pay back time will be one yr. Just shows how low cost mad really are
 
Re: MAD - Maverick Drilling & Exploration

adds4 said:
They paid bugger all for acerage, thats why they didnt release the price. Interesting to note Midway college. Has bought some acerage in nash dome, and are going to sink a well down. They recon the well should get out about 250,000 barrels of oil in a couple of yrs. The well cost is 950k and running costs are $4k a month and the pay back time will be one yr. Just shows how low cost mad really are
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Those figures can't be right, can they?

$1M in costs for over $20M in oil in two years would make the payback time about a month rather than a year.

Even if the cost of the acquisition was 'bugger all' I'd like to know what it was.
 
Re: MAD - Maverick Drilling & Exploration

Sdajii said:
Those figures can't be right, can they?

$1M in costs for over $20M in oil in two years would make the payback time about a month rather than a year.

Even if the cost of the acquisition was 'bugger all' I'd like to know what it was.
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They dont need to tell you the price because its immaterial to the company, and most probaby they will buy more acerage, so why advertise it, so competitors make mad pay more next time?. I said a couple of yrs, not 2 yrs. Do yourself a favour and read it your self. I do the hard work in finding the information, and you give me grief. The url is

www.energia-tejas.com/.../Nash_Midway_College_1_Project_reduced.pdf

Explain the report to all of us now. Dont forget i want to know why and how the bank of amercia is going to fund the well for the college. Since you seem to know everything, explain it to everybody.

and next time at least say thankyou. Think its time you sold and let other people own the stock. I know a hell of a lot more about this field but cant be bothered posting now. Work it out yourself
 
Re: MAD - Maverick Drilling & Exploration

Wow.

I'm not sure how you managed to interpret any of my post as an attack or 'grief', but for what it's worth, it was nothing like that and I hope this post isn't interpreted that way either.

"A couple" means "two", or colloquially it can mean "approximately two" in some contexts, but it doesn't mean the same as "several" or "many" or "an undefined number"

Assuming you did mean two when you said something that meant two, I thought you must have made a typo, and if you wanted to share the information in the first place you'd want to share it correctly.

Obviously everyone appreciates information being shared, myself as much as anyone else.

Have a great day, try not to be that nasty to the other people you deal with, and remember that not everyone is trying to give you a hard time :)

Thanks for the link, I'll have a read.
 
Re: MAD - Maverick Drilling & Exploration

Sdajii said:
Wow.

I'm not sure how you managed to interpret any of my post as an attack or 'grief', but for what it's worth, it was nothing like that and I hope this post isn't interpreted that way either.

"A couple" means "two", or colloquially it can mean "approximately two" in some contexts, but it doesn't mean the same as "several" or "many" or "an undefined number"

Assuming you did mean two when you said something that meant two, I thought you must have made a typo, and if you wanted to share the information in the first place you'd want to share it correctly.

Obviously everyone appreciates information being shared, myself as much as anyone else.

Have a great day, try not to be that nasty to the other people you deal with, and remember that not everyone is trying to give you a hard time :)

Thanks for the link, I'll have a read.
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How many barrels a day are they expecting from the wells. You asked the question from everybody. Read the report it will tell you. Enlighten all of us. I know what it is. Next time dont come out with statements like that. Do some reaserch if you own a stock.
 
Re: MAD - Maverick Drilling & Exploration

I don't know who stuck that hair up your ****, but I hope you manage to get it out and feel better. Either way, I don't see any reason to respond to you again. Enjoy your day :)
 
Re: MAD - Maverick Drilling & Exploration

Sdajii said:
I don't know who stuck that hair up your ****, but I hope you manage to get it out and feel better. Either way, I don't see any reason to respond to you again. Enjoy your day :)
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what has pissed me off, is the announcemnt clearly states that maverick has bought the field because it is a "low risk leases in proven oil fields similar to blue ridge and boiling oil field". Too me that means they expect to the wells to produce about 25 bod for a FEW years. Which the report clearly states, otherwise bank amercia wouldnt be lending money for the uni project. They are not lying. Would you like mamangement to write up an essay for you for the next announcment? Or next time are you going to do some reaserch, and not shoot from the hip. Especially when the field is nash dome, one of the most written about fields in Texas. Even if they want to hide stuff people when find it out

Oh i have found that hair too, its out...LOL
 
Re: MAD - Maverick Drilling & Exploration

Lol calm down you two, no idea how you began flaming each other but it's unneeded. Imo MAD would have paid for the acerage via a nice royalty, e.g. 20-25% royalty (happy to be proven otherwise, and that MAD picked up the acreage for 100k and no royalty!). It's a nice acquisition on a third salt dome and does nothing but increase the value of MAD. With operating costs of a few dollars per barrel, and high ROE, right now royalty based acquisition is the right way to go. No sense in getting all leveraged up right now to buy acerage given that MAD still has to hit cashflow positive (which it already is if development costs stop, soon we'll be cashflow positive for 2 wells per month, and then soon enough 3 wells, etc etc!). Holding a bunch of these bad boys and completely comfortable.

JM.
 
Re: MAD - Maverick Drilling & Exploration

680 bod for the drilling report. Looks like the production report will come out around the 670 mark. An improvement on last month, but production growth slowing down a little this month

Are these guys going to buy another rig? Would be nice if the director that bought the old manufacturing plant give the company the $700k, or do we have to wait the three yrs? That money could be used to buy or make more rigs?
 
Re: MAD - Maverick Drilling & Exploration

688 bod is not bad, they are trending up nicely every month. By the end of the yr, amd should be around 1000 bod on blue ridge, if they leave the drilling rigs in place
 
Re: MAD - Maverick Drilling & Exploration

What's with the .23 price support?

I was sure MAD was going to be beneath it at the close, but what do you know its bobbed back up again.

I'm anticipating some sort of break.

We've had lower highs and stubborn support at 0.23 for round three weeks now
 
Re: MAD - Maverick Drilling & Exploration

profitable now. yeepee

The quarterly showed how much they spent on acquiring new acerage, it was 66k. Peanuts. Why do people have such a fixation in knowing how much MAD spent on aquiring salt dome acerage. Seems to be unmaterial to me.
 
Re: MAD - Maverick Drilling & Exploration

adds4 said:
profitable now. yeepee

The quarterly showed how much they spent on acquiring new acerage, it was 66k. Peanuts. Why do people have such a fixation in knowing how much MAD spent on aquiring salt dome acerage. Seems to be unmaterial to me.
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Sdajii have they spent to much aquiring nash dome? Why would they have to release the acquiring cost, when mad most probably got the money from petty cash anyway? Show some faith my friend.
 
Re: MAD - Maverick Drilling & Exploration

Oh for Pete's sake, stop being silly. It was silly enough you wanted to squabble ages ago, are you not over it?

I never said I thought they spent too much. I never said I was upset, I hold, I hold happily, that never faltered.

See post #71 and apply it indefinitely.
 
Re: MAD - Maverick Drilling & Exploration

Adds4 check the loan facility from Texoz, debt of 650k or so, related to acquisitions of acerage, and as per their agreement with Texoz when the 5 milly loan facility was created, Texoz gets a 2% ORRI and interest on the loan.

Don't show faith in MAD, just do the research. Mon dieu.

JM.
 

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