OTCPK:MAUXF - Post by User
Comment by
Burlyoneon Dec 20, 2010 4:25pm
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Post# 17872713
RE: RE: RE: last trade of the day, 500 shares
RE: RE: RE: last trade of the day, 500 sharesThat would bring them to about 10,000 BPD, which is what they bought into a few years ago, I have not heard any discussion with Mart regarding the usage of the Agip pipeline and what they will be allowed to ship in the pipeline..... Looks to me like they could use about 15 - 18,000 BPD capacity in the pipeiline or better when they get there drill program completed.
From my historical data it shows
Pipeline has 5 companies with equity position, 20% each,that will affect production, current price is about $ 3.00/ Barrel to ship and process the oil. If you have a position in the pipeline you will get a rebate for your payments of shipping the oil. Pipeline can carry 30 – 40 thousand barrels per day, 8” pipeline. Oil is to be processed at Agip, National Italian Oil Company.
The latest AGM indicates that the cost has increased to above $4.00... So the question is how much can we ship in the 8" Agip Pipeline....