OTCPK:MAUXF - Post by User
Comment by
stockpeekeron Mar 11, 2013 9:44am
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Post# 21109739
RE: Mart Press Release
RE: Mart Press Release Much positive spin, but it appears several rosy rumors were overblown.
Production shutdown by Agip maintenance for over half of March after being down 14 days in February. Hurts cashflow.
Pipeline progress really just getting underway.
Stated that the second rig is not yet on contract.
Pshaw!
On positive side, they highlighted several good flow rates from UMU-10 and did state their plans for re-entering UMU-3 and UMU-4 with horizontals.