OTCPK:MAUXF - Post by User
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radcaton Jun 07, 2014 6:28pm
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Post# 22640425
O.T. / CAMAC Presentation @ IPAA's OGIS
O.T. / CAMAC Presentation @ IPAA's OGISWhile we wait for Mart to update its shareholders, have a listen to CAMAC's June 5th presentation @ OGIS. These guys are from Houston, Tx. and have quite the African exploration portfolio. Production will grow 7 fold by years end. Energy searcher is under contract for up to 2 years. They are cashed up with 270 Million plus their own production revenue.
My apologies to Mart posters who may accuse me of being a pumper, which I am definetly not. Just want you all to know there are other opportunities in Nigeria other than Mart that may be worthy of your investment consideration. Mart has 1 field of OML-56. CAK has many possible fields in two huge offshore blocks plus a number of blocks in 3 other African countries. Drilling will begin very soon @ Block-120 oyo field. Keep an eye on this one even though you may not wish to take a position. Let the games begin.
CAMAC Presentation @ IPAA's OGIS
Check out CAMAC's presentation this past Thursday. A couple of the highlights are:
- "Expect Energy Searcher to spud in a few days". Expect a spud announcement this week.
- Talking about spuding a new prospect. Presenter would prefer to focus on Prospect G. estimated to contain 200 million barrels
- At least 2 more development wells in 2015.
- Loads oil offshore @ Block-120 which is their point of sale. No refinery theft to worry about.