OTCPK:MAUXF - Post by User
Comment by
5woodon Jun 22, 2012 12:58pm
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Post# 20044614
RE: RE: RE: June Presentation
RE: RE: RE: June Presentation One point I would like to clarify is that Mart's plan is probably going to use both pipelines not just their new pipeline which would give them a significant improvement in flexibility. Assuming that is correct then it would also be correct to think that the continued drilling will be required between now and the completion of the pipeline construction to ensure that there is sufficient crude for both pipelines. If these points are right or close then that says alot about the daily volumes about a 1 to 1 1/2 years from now.
With the new pipeline in place and with the total pipeline capacity in place for greater than 40,000 plus bpd then the delivery issues will be resolved (to some degree remembering it is Nigeria) and then the other issue of having a merged company makes a purchase of all the assets that much easier to accomplish.
If that is the end game for Mart then we are slowly getting there. Keeping the end game or exit strategy in view is always the best thing to do even when we have days like yesterday
5wood