EXPM:MXMSF - Post by User
Comment by
SRT10on Sep 02, 2009 1:01pm
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Post# 16271292
RE: 'nuf said, but...
RE: 'nuf said, but...I think the question to ask Colin if he is still taking phone calls is this - since the 5 wells are on line and hopefully being pipelined to the refinery and with the new agreement when will the money from these wells will be coming into MXM bank account. I'm sure there should have been some talks as to when these payments will be made since the expenditures have been done to get the wells flowing. If the monies are to be used for future drilling that is one way of avoid the monies to come north to Vancouver. In other words when will we be seeing a cheque? If they don't know that answer then you know when your investment will grow. JIMHO , I haven't seen the agreement and the time line for receiving money from these wells. Since the wells have been pumping for 2 months now, should we have received payment of some sort yet since something north of 500x 60days = 30,000 bbls should have been produced.
The other question would be when will those other 10 zones be taped into?