OTCPK:MAUXF - Post by User
Post by
billythekiddon Apr 02, 2013 6:34pm
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Post# 21201252
Makes you wonder what is the Motive ?
Makes you wonder what is the Motive ? I don't like throwing out a Conspiracy theory but this squeeze being put on Mart Really makes you think......We have had since October 31st 50 days of production and about 100 shut in Days....Mart used to allocate about 5 days a month in down time not 4 times that amount...... Mart looked to be coming a Financial king pin and that was validated by Dividend payments to its shareholders. Now with Production being what it has been the last 5 months it looks like a case of someone looking to dry up Marts Cash Flow......Mart is publicly traded and its shareprice and bottom line is effected greatly when they cant ship Oil for long periods of Time......Mid Western Oil and Gas is partly owned by the Delta State Government and some Nigerian Entrepreneurs. They dont care about Marts Share price unless they looking at lowering it to Merge or Buy Mart Out...We have had great drilling Success and a big increase in proven reserves but now we cant ship any Oil and with UMU 9 and UMU 10 results you would have thought Midwestern with the Government backing would have forced Agip to give Mart more pipeline Capacity.....Too bad its turned out this way......We all say the new pipeline is the answer .....but i say show me the signed agreement with all Systems Go ..... If we cant get the Oil out of Ground and Shipped at the end of the Day......What do we really have and what is it worth?