NRG IF NRG drilling subsidiay is INDIGENOUS , why does MMT need an indigenous partner?
Heritage joined up with A power co. who don't know squat about oil LOL.
Everyone seems to brag about connecting to existing oil pipelines that have little oil space.
Heritage and OER have endless wads of money and the Italiain and Russian based mafias have made billions in non-taxed profits or about 1/6 of all oil production for years . Between the mafia and grased palms of Nigerian officials at all levels to the top . It seems highly coincidental that all this money shows up in two new flyers on the Nigerian scene at the same time that the Shell pipeline handling agreement seems to allude us for eternity ??
Midwestern cannot even afford us to drill on a delayed payment basis on UMU 10, and what ever succcess we do have on test results and reserves i highly believe will not help us until this co. has some true transparency on the shell deal. Personally i think Heritage wants all the space according to them touting how much oil they want to put into production in a hurry !! The huge amount of cash they dished to shell must have had some bargaining power . The NIGERIAN subsidiary on the AGIP line did not help us earlier when they cut our production to almost half this past year.
I doubt Midwestern suddenly got rich and we get two rigs AT UMU and MMT is not answering E-mails or producing any NR on the shell problem either, along with any posters. I SEE A HUGE CLOUD OF DOUBT..AND A BATTLE OF PIPELINE SPACE.
These are my own personal doubts on MMT .AND i don't believe i'm alone here on these matters ???
Wade said he had 40,000 bod space in last conference,, but nothing developed and AGIP has done nothing for months. I still own my huge position in the stock , but its really starting to reek as the CO. is certainly not forwarding any date on the shell deal even though way back on june 28th AGM it was forthcoming by Aug 28th, unless they meant Aug 28th 2013 LOL.
I am looking forward to the jan 8th divy payment , but truly doubt they can pay anymore of these unless the shell deal gives us further production payments . The theft is too high on the AGIP line . This will squeeze Midwestern's bottom line as well . Everyone knows we have great fundamentals on the UMU FIELD to support a very high share price and dividends on this field alone, but its useless when we are surrounded by infrastructure owners who really don't (maybe possibly) give a rats butt about MMT.
Maybe this rant will raise the stock price LOL . The stock price suggest , everybody is in wait mode, but it also seems to be saying nothing exciting is around the corner either.
Surprise me!!
MM