OTCPK:MAUXF - Post by User
Comment by
mat_hogon Aug 15, 2011 4:16pm
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Post# 18944346
RE: 8463 bopd for Production Days
RE: 8463 bopd for Production DaysI also think a lot more is being made of the agrip deal then needed, they have a contract in place for 8k bopd the negociations are on the additional capacity. That said the debt should be paid off and they can start building a cash reserve to build their own pipeline to Shell, even at 50% they still had revenues of $ 10.5 million for the month of July. In my not so expert opinion is everyone needs to relax, everyday they are adding cash to the till, it would be nice to be at full production for sure, but this is only a delay to MMT unlocking the real value. Also something to keep in mind, Nigeria is trying to boost production country wide, in time they will need MMT's oil. GLTA