OTCPK:MAUXF - Post by User
Comment by
dr_airtimeon Mar 04, 2013 12:11pm
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Post# 21074127
RE: RE: th 10 days in february that were the pipel
RE: RE: th 10 days in february that were the pipel Terroir - the AGIP pipeline is down for maintenance all the time. I just looked back at Mart's last 12 quarters in my model and it is rare that is down less than 10 days in 3 months and Oullins has posted here before
If you haven't noticed, Mart stopped trading retrospectively based on news releases last fall and trades propspectively based on at least 20k of gross production capactiy once the pipeline connection to the Shell export pipeline (goes to Forcados terminal) is complete in June 2013.
I'm thinking June is pretty soon and have lowered my expectations to August as the Mart-Midwester-Suntrust partnership has a whole lotta concrete to pour around the pipeline to protect from theft and I can't see 55km of concrete happening that quick in Nigeria.
Maybe they will connect pipeline first, leave it un-filled and then pour the concrete once they confirm there are no leaks? I actually haven't seen anyone post on this topic yet so would appreciate your thoughts. The pipeline can't take that long as it is just a giant lego operation.