OTCPK:MAUXF - Post by User
Post by
CalifDreamingon May 31, 2011 11:22am
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Post# 18649739
New drilling/exploration will be big catalysts
New drilling/exploration will be big catalystsWhile U8 is nice, and surely will be another ~10K bpd type well, its the update that U9 will spud in Sept that has me pleased as it gives a clear path to the future.
And very nice to see they are now showing U11 and U12 exploration wells that could add significant new reserves/production. Both targets could add roughly similar reserves as Umu Main. I hope we see one spud in '12, after 8,9 and 10 are drilled.
U1 and U5 legacy wells are fantastic producers - flat to up yoy - shows outstanding deliverability and high recoveries.
Now saying they will "build a second alternative pipeline" to give secondary export route in case of unplanned p/l disruptions. If U8 - U10 are successes, additional p/l capacity will be mandatory.
All cylinders firing - for the first time in MMT's checkered history. Now let's see the drillbit turn to the right nonstop.