OTCPK:MAUXF - Post by User
Post by
birchjunkon Jul 05, 2012 7:56am
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Post# 20083590
New Research Rpt sees 25,000 bpd in one year
New Research Rpt sees 25,000 bpd in one year ---------------Factoring all of this in, we believe the company trades at an unrealistic discount to its peers given the growth of the Umusadege field’s production capacity. Management continues to work towards maximizing production and efficiency, and significant steps have been taken towards building an additional export pipeline to enable Mart to exploit the potential of the Umusadege field. A December agreement with NAOC to increase Umusadege’s share of the pipeline capacity in the near-term to 14,000 – 15,000 bopd combined with prospective additional pipeline build will significantly increase total pipeline capacity and is expected to substantially increase potential production and cash flow.
In fact, management has indicated that with the new pipeline and agreement in place with Shell and further success at the Umusadege field, in one year’s time, Mart could be in position to be producing in the range of 25,000 bopd.----------------