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FDM - Freedom Oil and Gas

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Re: MAD - Maverick Drilling & Exploration

Seems like share price has jumped over last few days. Where is this stock going?
 
Re: MAD - Maverick Drilling & Exploration

2011 from 331bopd in January to 706 in November and my guess would be 800+ in December with 2 drilling rigs partly being used for contract drilling.
2012 with 4 rigs drilling my guess would be 2000+ by the end of the year.
Has seemed a little up and down over last year, but they have made solid progress and are now able to step up the drilling covered by cashflow.
The wells should produce for 15 years on average with 4 workovers to get all layers producing. There are over 400 drill locations in their original Blue Ridge acreage alone, let alone the new acreage acquired.
One of the safest oiler in the market by my reckoning.
 
Re: MAD - Maverick Drilling & Exploration

Up another 18% today, with huge volume.
Looks like Boling Dome has got plenty of oil with a very successful first well, and with more than double the net acreage, should result in some great reserve upgrades down the track.
They've done some contract drilling on Nash, so I would presume they know a bit about the oil down there. Its half the acreage again compared to Blue Ridge.
Should be plenty of newsflow over the rest of this financial year to keep it moving upward.
 
Re: MAD - Maverick Drilling & Exploration

If they can maintain the momentum with their drilling they have shown over the last 2 months for an extended period of time, they should have no trouble getting there. And with the extra rigs starting up and the extra cashflow to cover the cost of that drilling, they should keep up that momentum.
They certainly have plenty of oil reserves and drill sites to justify a much higher market cap.
 
Re: MAD - Maverick Drilling & Exploration

this company seems undervalued. It could pull back now. It's had a good couple of weeks.
 
Re: MAD - Maverick Drilling & Exploration

seems like the reason production levels weren't increasing was because they moved the rigs to go drill the other dome. Hopefully it fills the gap so I can get back on board after reporting season when I can rationalise my positions.
 
Re: MAD - Maverick Drilling & Exploration

The buyers have certainly got their ears pinned back at the moment. Currently 42c , up 16% on the day and practically doubled in a couple of weeks. (Just hope the day traders don't push it down gain - but I suspect longterm buyers will keep pushing this share.)

Good to see some good news finally recognised.
 
Re: MAD - Maverick Drilling & Exploration

Thought this would be a good month for MAD, but didnt expect it to be this good.
Even with the increase in price we've still just passed the $2 market cap per barrel of P2 reserve so still got plenty of room to move.
Still plenty of good news to come with results of their speeded up drilling campaign and reserve announcements for Boling and Nash Domes.
 
Re: MAD - Maverick Drilling & Exploration

so they keep discovering oil? Such a huge jump.. grats to holders
 
Re: MAD - Maverick Drilling & Exploration

big day for Maverick today. Anyone know why this is the case?
 
Re: MAD - Maverick Drilling & Exploration

Still undervalued on a P2 reserve basis. Market Cap per P2 bo is $2.65,even after the increase over the last month, whereas most oilers are priced at over $10 per bo.
Thats before any reserves to be added from Nash and Boling Dome, where they have had success with their first wells.
 
Re: MAD - Maverick Drilling & Exploration

Apparently , a prominent oiler commentator has said that although the production future is not that impressive for valuating this company [probably over-valued for now .], the reserves are really impressive and will increase at a rapid rate after independent verification is completed . He recons that MAD is very lucky with the reserves in quantity and quality. Oilers are not valued generally on reserves , more on the fundamentals of producing .

The commentator says it is all about risk! , so if you are brave go for the ride ???? it could be wild .

Don't hold MAD , missed the boat whilst look at it for months ...
 
Re: MAD - Maverick Drilling & Exploration

Another big push on MAD this morning. Reached 58c.

The January report should be out imminently and it will be interesting to see the effects of the Nash and Boling Dome wells on the production. Maybe this jump is a positive indicator .

Will also be interesting to see how quickly they ramp up drilling with the extra rigs.
 
Re: MAD - Maverick Drilling & Exploration

MAD is still bolting. Currently .675. There must be some very happy day traders around.

It will be interesting to see how a clear eyed analysis of the stock stands up to the current craze. As I see it if the management decide to invest in a few more drills and crews to ramp up production the real results will be exceptional.
 
Re: MAD - Maverick Drilling & Exploration

Certainly made up for its inertia in 2011. The fourth drill rig should be starting up about now so should get another ramp up in production from march onwards. Happy to hold this for the longterm.
 
Re: MAD - Maverick Drilling & Exploration

MAD is still running hard. Came across an excellent analysis of the stock which offers a very compelling current and future picture. Look down to the entry for Saturday 28th Jan.

http://www.jochimaker.com/
 
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