RE: MMT Well i feel the same bullishness as Oiljack. The key to unlocking the door is the Shell deal done.
It seems obvious it will ,but the fat lady has not sung yet. I mentioned long ago that the dividend can reach about $1 a share and people said i was too optomistic (year 2014 last quarter). There was talk of MMT easily splitting 50,000 bod with (25,000 NET TO MART)..THE field contains between 200 to 400 million boe. Its people here that say 30,000 bod, but Wade said he was hoping to have 35,000 to 45,000 bod late next year.
If you take the average at 40,000bod or 65% net to MMT X 40,000 U GET about 25,000 bod net to MMT in the development stage ..this does not include ramp-up in the UMU FIELD or other fields deals they get into.The wells pay for themelves by about 3 months so u could triple the dividend and still have excess cash cause the deals on getting into new fields is cheap and gee we only need another field like UMU ..AND i think we filled to the gills LOL... the 1$ dividend i mentioned was about 18 months after they ramped in UMU AND were in another field with 2 drills going. In Nogeria they don't gift u on share price till u ramp up the divi ..then the greed arrives. When we get up to 60 cents plus in divi..they in a class of there own imo
MM