OTCPK:MAUXF - Post by User
Comment by
Burlyoneon Jul 26, 2006 8:35pm
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Post# 11151127
RE: What happening
RE: What happeningCapit
In response to your comments, that bump I was talking about when they finally start drilling and find oil, my expectation is a bump just over a buck, now I am glad you talked about getting some production so you can get some cash flowing, that costs money too.
Initial statements made by some company officials is that they will put a rental separator unit on the first property, until they can get there own equipment built which they performed a preliminary engineering study for a facility that can handle at least 15 - 20,000 barrels per day production.
It is proposed that the new production facilities would be built in Calgary and then shipped to Nigeria. Now where do you think the money is coming from? I expect that they will be forced to do the AIM Listing at a much lower price than they forecasted...... These guys really need to get there stuff together.....