RE: RE: RE: RE: RE: Bharti Resigns as Director Mart can get away with using this strategy of just keeping enough cash for the new pipeline because Umusadege has twice as much reserves as reported and there is a good chance it is three or more times higher. When your wells show no sign of depletion there has to be a source for this oil. IMO the 20 cent requirement a year will be chicken feed once they have 2 pipelines running.
I think Mart's strategy is to grow within the boundariesof the marginal program. The fact it is not an indigenous company hinders its growth opportunities because its field opportunities will be limited to those given to cash starved firms( the dregs) therefore you have to sign more agreements and take more technical risk with field appraisal work as opposed to development.