OTCPK:MAUXF - Post by User
Comment by
aazzcuxon Oct 16, 2012 2:03am
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Post# 20487197
RE: Down time, oil theft and nigerian oil price
RE: Down time, oil theft and nigerian oil price Better tax rates, royalty rates and certain tax holiday till Q4 2013. Wells that test over 10,000 B's and produce at over 4000B's, 25-33 stacked zones, minimal depletion rates, field development instead of exploration risks,established relationships and in country skills and reputation, production to double by 2014 , 12% dividend yield,more oil to come from the east and west areas of this field. Check the YTD charts of your favorite Cdn oil plays and then see what MMT has done. Yes Nigeria is risky and not for most investors. Me, I thank my lucky stars that I was brave enough (smart or stupid) and hung in there to get the upside and those lovely dividend cheques. Fingers crossed for a brighter future and reasonable risks. Not bad for a 1 trick pony, 1 field, 1 rig, 1 pipeline. Maybe one day we become a 2 trick and treat pony ?