* the Italians paid us off when the pipeline was down as we had believed that they would. Money is in the bank and we owe them some oil back. No matter as we have it.
"In December 2012, 600,000 bbls were lifted from the export facility on behalf of Mart and its co-venturers. Payment for these sales of oil were received in January and February 2013, and Mart and its co-venturers owe the exporter approximately 300,000 bbls as of the end of January in connection with the December 2012 liftings."
* pipeline has started its construction phase...clearing the right of way or ditching area and after amout a month of that then the actual ditching process can be initiated. That should be by the end of next week by my account.
* the rig has had to have more work on it. It is now at the Umu 11 well slot and will begin drilling very soon.
"
The rig has now been skidded to the last drill slot on the pad and the rig is being set up and upgraded to prepare for the UMU-11 well."
* Umu 10 well results.....like this entire news release....this is being orchestrated. Sigh! We wait some more....hopefully not too much longer.
.....if you do not think that they are sitting on news remember this...they had the monies from AGIP in January and again in February and they knew that they were going to get paid and only told us in March. So yes they could say a lot more and we all know it......but they have chosen not to for the moment.
OJ