EXPM:MXMSF - Post by User
Post by
Riotacton Jan 27, 2008 9:11am
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Post# 14268900
About the pending Trinidad approval
About the pending Trinidad approvalI don't think there is any doubt that the Trinidad Govt will approve the drilling program by MXM.
Click on the website The Geological Society of Trinidad and Tobago and you will see that the Trinidad oil production is in decline at current levels of about 120,000 bopd. I'm sure Trinidad wants to increase production.
We may have to wait for successful drilling results before MXM moves to higher price levels.