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Mart Resources Inc MAUXF

Energy Oil & Gas E&P


OTCPK:MAUXF - Post by User

Mart Resources Inc > Oando puts a well on production close
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Comment by oullinson Oct 22, 2012 10:56am
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Post# 20509717

RE: RE: RE: Oando puts a well on production close

RE: RE: RE: Oando puts a well on production close

Radcat, I do not want to go back trough my posts but I think I mentioned that Oando was a pipeline partner some time ago.  I knew about it anyway.  Oando injects into the AGIP pipeline using the Umusadege entry point.

My understanding is that the largest shareholder of the pipeline will be the local Nigerian government just like the AGIP pipeline.  Sun and MidWestern are in it but I have no idea of the % and we may have some other investors in addition to Oando.

BTW Oando and their parent company are loaded with debt. 

 

Cheers

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