RE:RE:RE:3.1 MILLION Shares WTF
Could MMT be part of yet another 100 mmbo field? * The Nigerian Oil Ministry will soon update all of the fields that are up for the second Marginal Bid Round. What I do know that MMT has struck several partnerships with different groups and one of those joint ventures is now targeting a 100 mmbo OIIP+ Chevron shallow water oil field in this round. MMT is willing to go shallow water off-shore to get to the next level. I have studied the oil field, insofar as getting as many details as I could, and it is indeed an intriguing move by MMT should they be successful. I, for one, cannot see them not having a second oil field (or more) by the end of 2014. Let us see what it brings but it will be an interesting (as always) with MMT and our CEO Wade! Good luck to us all! OJ