OTCPK:MAUXF - Post by User
Post by
CatalystTraderon Oct 23, 2015 9:20am
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Post# 24219838
Financing will be given IMO
Financing will be given IMOWith the connections you may very well be right . Now with production update . The bank will see all the numbers and give them the financing . They already have 50% in cash/equity
The UMU-14H well was successfully landed in the VIII sand and the horizontal section drilled to a total horizontal length of 1,000 feet. The well reached total depth of 9,280 feet (measured depth) on Aug. 10, 2015. Completion operations have been concluded and the drilling rig has been demobilized from the location. The initial cleanup and flow testing have yielded an initial flow of clean oil with no water cut. Detailed testing information will be released upon the conclusion of the testing program.