OTCPK:MAUXF - Post by User
Comment by
MiningMonsteron Jan 31, 2012 9:20pm
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Post# 19472076
RE: Press release
RE: Press release Martman,
Have followed this story for a while, bought back in today. We knew the pipeline losses would be around here. We knew they would test and plug the bottom of the hole. They had very encouraging shows in the lower leg of U9 and these zones could be accessed by their current producing wells, very good. The only issue is the export capacity, we need to be able to market the oil we produce. This is a temporary growing pains issue being driven by the big ramp up in oil production. This is a good problem to have. MMT is a cash flow machine and trading at this EV is plain crazy.
Is the export capacity issue worth 20%+ of the entire company value? Not in my books! Good luck everyone.