OTCPK:MAUXF - Post by User
Comment by
Burlyoneon Jul 25, 2006 5:41am
248 Views
Post# 11141311
RE: What happening
RE: What happeningWell Martman1 I like your optimisim but I don't think you will sell that to too many shareholders today, Management has missed every target they have ever set todate, much to the frustration of Wade. I truly would like believe what your feelings are but is time for management to meet some of there targets,,, currently most of there targets have been missed by many months not a couple of days.
Me personally would like to see rig 101 working, do they finally have a turntable installed on the rig, pretty important piece of equipment to have on your rig... These kinds of things are the things that really bother me, oh yeah coming back to the investors and saying oh we had no idea that you had to access to the lease to get your rig working.... this rig was supposed to be working in February of this year.....
The last discussion I had with David they are supposed to be drilling with rig 101 at the end of this month, rig 201 should be being shipped from Houston enroute to Nigeria, with rig 202 following in six weeks.
And as to the question do they need to publish another NR when they miss there targets, no they are not required to do so, even though they should...
They need to get there rigs working and quit with the excuses and meet there timelines which are filled with optimism but have no depth to them.