OTCPK:MAUXF - Post by User
Post by
stockpeekeron Aug 29, 2011 10:21am
395 Views
Post# 18989144
Good stock performance today
Good stock performance todayGreat to see the strong stock performance today with the announcement of good cash flow, profitability, and ongoing negotiations to increase future production. Unfortunately current qtr production and profitability will probably be less than Q2.
Successful negotiation with AGIP is the key to further upward movement in stock price. UMU-8 test results don't really matter much until they can announce a dependable way to get the oil to market.
In next few weeks, stock price should improve as they can announce:
a. Successful negotiation with AGIP allowing increased pipeline access and daily oil production.
b. Good test results for UMU-8.
c. Completion of upgrade to Umusadege central processing facility to 30,000 barrel/day capacity.
d. Successful negotiation with Shell for future oil purchases, allowing Mart to begin permitting for their own oil pipeline from Umusadege to Shell facilities.