Serious Questions For The Board I'm not here to attack Mart shareholders in any way. I hate that I'm being attacked on this board for providing information and stating my opinion. My question here is:
Anyone following global oil markets will understand that at this point in time, the stealing of Nigerian oil from pipelines has reached a truly unprecedented level. Can this have a negative impact on Mart's dealings with Shell for a new export pipeline?
If Mart were to get the new pipeline with Shell, wouldn't this not fix the problem of getting oil to market? Wouldn't Mart continue to have the same problems with the new Shell pipeline that it is having with the AGIP pipeline?
I know Mart will eventually boast its production, but higher production down a Shell pipeline that continues to have oil stolen and recurring Force Majeure's is a major risk.
Can anyone comment on Mart's financial situation at this time. Is it really wise to be paying a dividend when production continues to be shut down?