OTCPK:MAUXF - Post by User
Post by
takingthemonon Apr 22, 2013 1:12pm
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Post# 21289556
Mart is on the edge
Mart is on the edge First I will say that I like the company and think it could have a great future. However it is on the edge. If they have any more delays with the new pipeline of having to shut down the original they will be in trouble. They may have to repay some of the current outstanding oil ($) in the first quarter of 2014. Just the math. The CEO spoke up the other day but did he really spell out what the recent money raised was going to be used for???NO. I have also heard from the local media that Agip was not able to get ALL of the taps off. They got MOST of the taps off. It was costing to much money in down time so they just started her back up. Also other pipelines have issues as well. Shell is finding out that it has not removed ALL taps either. This could indicate that some taps are under the ground. If so this could be very very bad for ALL in the area.
Has anyone received information about the other concessions the government is always auctioning off but never seems to for last 2 years????
Thanks