OTCPK:MAUXF - Post by User
Post by
zeus55on Aug 12, 2013 9:38am
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Post# 21663177
Horrendous, simply horrendous
Horrendous, simply horrendous
Well, it seems that the guy from Midwestern was 100% correct when he said the new pipeline wouldn't be done for another 6 months, even as all of the "experts" on these boards were calling him a liar.
And if absolutely nothing has been done for a month and a half, how come we are only hearing about it now?
And now that we have that second rig, its first job is to drill a water well? WTF? This is the first I have heard that water in the oil has become an issue.
They did temper the horrendous news with the carrot of a potential increase in flows through AGIP, but we have no idea when that will happen, and are still subject to the risk of them shutting down again, with no option for delivery until at least Q1 2014. And we all know that could be longer.
The risk level has been ramped right back up, and there is no way in hell that I would hold this stock now.
GLTA of those who hold, you will need it.