OTCPK:MAUXF - Post by User
Comment by
Greenchipson Nov 06, 2012 10:15am
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Post# 20566876
Oil Theft
Oil Theft The best news for Mart is that Oando Energy (OER) are suffering the same problems in OML 56 but they are partners with Agip in other concessions (including OML 125 which produces 25,000 BOPD) so they will have some influence.
Also, their majority shareholder, Oando PLC is the largest indigenous integrated oil and gas company in Nigeria (over 600 petrol stations for instance) and have a lot of influence with the government so it is a good bet that they will also be working on fixing this situation.