* this is what a friend from NY relayed to me today....
.....look for MMT to confirm dividend of 5 cents when Q2 numbers come out next week.
.....should get the July production numbers as well.
.....dividend will be distributed to share-holders at the end of September or before the start of Q4.....what he was told anyhow.
.....company will have Umu-10 log results in good order. Keep the rig there and then conduct testing regime.
....then look to close discussions with Shell and confirm a final pipeline deal and costing measures for MMT as well as their participatory percent / benefit. That news will come after all data from Umu-10 has been gathered.
....from there they have options for where to take the rig. The goal of the next well will be proving up field size and to keep the size of the field growing insofar as its bookable reserves.
....when asked about a potential reverse take-over......he said he was told to stay tuned. I asked him what he thought of that and he said.....well is the CEO selling his millions of shares that he has at the moment and they are well into the money? I said no......and he said.....stay tuned.
Okay I said.
....thanks to friends.......of all kinds and locations....
Use of flush.......OJ