OTCPK:MAUXF - Post by User
Comment by
stockpeekeron Apr 09, 2013 1:51pm
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Post# 21232249
RE: RE: Posted at IV (i hear the same)
RE: RE: Posted at IV (i hear the same) Oando and Midwestern both say late Q4 and Wade says late Q3, and we say what?
Wade's reputation of being overly optimistic when talking to shareholders is well established!
If I had to place a bet, I'd say Umugini will be open for oil flow sometime in Q1 of 2014 (given the history of meeting schedules or not), and Mart should have completed the rumored merger with Midwestern by then. What we don't know is how many of the planned 2013 wells will be delayed into 2014.
Not bashing, just frustrated that Mart (with all it's rights on Umusadege oil reserves) really has only limited control of its own fate (or its stock price for that matter).
Regards,
'peeker