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Bullboard - Stock Discussion Forum Tuscany International Drilling Inc T.TID

TSX:TID - Post Discussion

Tuscany International Drilling Inc > M&P's 2014 production in GABON will rise by 30% !!!
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Post by veronikagermany on Sep 17, 2013 4:27am

M&P's 2014 production in GABON will rise by 30% !!!

M&P's production in GABON will rise by 30% according to yesterday's news from M&P.
Actually, this development is also good for ALL the AFRICAN rigs of TID, because TID could transport to GABON its rigs from TANZANIA , UGANDA and CONGO in case they were idle in these countries. I quote:



Henin also confirmed the group's 2013 output target for Gabon, Maurel & Prom's main production area, of 27,500 barrels of oil equivalent per day (boe/d), saying "we should be a little above that".

For 2014, Henin said he expected to reach production of 35,000 boe/d in Gabon. This would lead to bottlenecks in the Total pipeline to Cape Lopez which could be resolved using a neighbouring Shell pipeline, the CEO said.


https://news.yahoo.com/frances-maurel-prom-mulls-london-listing-ceo-070607822--finance.html

Comment by veronikagermany on Sep 19, 2013 11:09am
fyi, Walter Dawson is TOO HARD TO DIE.  It is a matter of CHARACTER. Those few who know him, can confirm this. He also owns a significant stake in this company that motivates him to work even harder.
Comment by veronikagermany on Oct 02, 2013 2:39am
I really wonder.... Don't the retail investors  WONDER  HOW  M&P  will hit this production target  in  GABON? will they   drill  the  wells  with  their  hands  ? won't  they  contract  rigs ? Don't  they  know  that   TID's  rigs  have  PREFERENTIAL   ...more  
Comment by rapid_fire_ on Oct 02, 2013 10:23am
This post has been removed in accordance with Community Policy
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