Mart has always had issues with ENI/Agip and their pipline but we are a customer and
our interests and are well looked after by our partners Sun Trust (a local government group)
and Midwestern. They know how to deal with the potent combination of the Italian mafia types
and wanta be mafia Nigerians. I trust Wade to work these issues out as he and his staff
have in the past.
Soon we have more oil thanthe new pipeline can handle so we will continue to need Agip
so cool it on the dump Agip comments.
Interesting but not surprising that Wade got us drilling the UMU10 by giving the partners extended terms on repayments - a very good move in my opinion. Wade owes the partners a few favors as without the partners support we would not be here today, and Martwould have been sold at 14 cents.
Dont sweat it on the extra time for UMU10, its deep and high pressure and they get a gas bump any day now. 3 expats on the ground and a great gang of Nigerians are doing great job drilling a deep well 25 feet from a producing well.
The gang has drilled great wells for us in the past eg 7 in a row all good and all safe.
Thanks to the boots on the ground in Nigeria
I will buy tomorrow !!!!