OTCPK:MAUXF - Post by User
Comment by
grandpama4on Oct 24, 2012 9:33pm
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Post# 20520776
RE: RE: RE: Merger
RE: RE: RE: Merger I don't know even with a merger if you own the land. I thought Midwestern had the licence to explore and develop the field but do not own the land. They possibly lease the land but I think the land is owned by Nigeria so the risks remain if Nigeria wanted to nationalize all oil lands and the operating fields( not likely as has never been done in Nigeria). Again I think Western has only the permit or licence but do not own the land. Possibly someone who knows more about the land situation could inform us how it works in Nigeria.