OTCPK:MAUXF - Post by User
Comment by
gibbonsjon Aug 13, 2014 4:32pm
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Post# 22838651
RE:RE:RE:First Question to Wade if MART is successful on OML 18
RE:RE:RE:First Question to Wade if MART is successful on OML 18The new pipeline should cut line loss but it won't get rid of it entirely because I'm pretty sure AGIP will still be in the picture but to a lesser degree and the Shell line I recall reading is somewhere around 7%. Having said that, the delivery into Umugini of what's now held back behind the pipes will improve valuation substantially so at the very least we should hold within today's range until OML18 is cleared up. Personally, and I have no real reason for thinking so, I expect sp to see a nice bump up when the announcement that Umugini is operational. It’s OML18 that is the unknown otherwise I’d be a lot bolder on this prediction.