RE: RE: Midwestern under review for not doing env "someone want to comment on what this might mean for Mart?"
I would guess it means that sooner or later midwestern will take over mmt or displace mmt.
all that mmt owns of umusedge is an income stream, mmt doesn't own the oil field.
mmt with a +$700million mc and only 25million is 2p is looking really rich imo.
I'm not even sure how mmt books the 2p when they don't actually own the oil field.
mmt only has a right to an income stream from the field as compensation for their field services.
that contract can become null and void in a hurry. I would run, not walk to the exists if I owned mmt.
no way are the nigerians going to pay $700 million for something (or a nothing) they can take for free.