OTCPK:MAUXF - Post by User
Post by
SUEMEon Nov 15, 2012 9:41am
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Post# 20603479
Shut in - But!
Shut in - But! Mart and its co-venturers are nearing conclusion of negotiations with an affiliate of Royal Dutch Shell plc. ("Shell") to complete a crude handling agreement that will enable plans to move forward to provide a second independent export pipeline for Umusadege field production. Mart and its co-venturers will then gain access to Shell's export facilities and a 50-kilometer pipeline will be constructed
I was at the AGM and recall hearing similar comments. 5 to 6 months later, the same language suggests that we are not any closer to the deal. Now that we are shut in, we can all see how important this new pipeline is. My concern from observation is, the SP falters when we have pipeline issues. With the price faultering over the past while, and now evidence of pipeline problems, who sold should tell us who was privy to the field disruption. Lucky for them, selling came from annonymous. Disapointing, as we should all have access to this information at the same time. Just speaking my mind.
Now let's get the Shell handling agreement done!