thanks Mart for the Friday news Thanks to the news I was able to buy the last of my shares.It would be nice if they would keep all investors in the loop what is going on behind the scenes.
1) The total length of the Shell pipeline is 17 km's.It would have been 50 some but the other parties which were going to share in the pipeline were unable to join in at this time.So Mart and it's 2 partners had to go it alone.
2) The security of the pipeline will be provided by Shell and we just foot the bill.The area is dry and the pipeline as we know will be cement casted under the ground.Shell has an extremely high standard as to how the construction will be completed.The area is also a safe area to speak of.AGIP line goes through the Bonnie Delta , which has exposed areas by rivers and creeks thus the bandits photos we have all seen on investorvillage.Shell and Mart expect no pipeline loss with the new line,or as some have phrased the cost of doing business.
3) The record date will be 5-15th of April so yes the announcement will be soon.Wade is committed to the divi and once the new pipeline is completed and cash flows expect at least a .40 cent divi
4) Not sure if we will ever see an official announcement to the Shell deal.Foe all intense and purposes we got the announcement already as to the pipeline deal itself.All the parameters of the deal are defined by both parties.The pipeline will be completed and flowing by the 4th quarter.
As to why we don't get all this announced is for you conspiracy theorists.
Again thanks Mart for the none transparency but at least I got my last shares and will a happy life with the divis and price appreciation.Oh where did I find this out? Called the IR firm and asked the tough questions.
Now we are all on the same page.