OTCPK:MAUXF - Post by User
Comment by
stockpeekeron Sep 23, 2013 11:18am
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Post# 21759759
RE:RE:Yet another BB falls to a slugging match
RE:RE:Yet another BB falls to a slugging match
Thanks for the good research:
... the government charges royalties only on oil that reaches an export terminal. Anything stolen in the field is exempt.
Although it makes sense that Umusadege partners would not be charged royalties on stolen oil, one never knows what to expect when the loss numbers get so large as we have experienced recently.
Regards,
'peeker