OTCPK:MAUXF - Post by User
Comment by
mjh9413on Sep 19, 2014 7:39am
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Post# 22951025
RE:OLM 18
RE:OLM 18Just went back over a load of material since these sales first proposed in 2013. Found a nice map representation of the fields and there then prodn and reserves and Shell was said to define the major one as anything up to $2.9Bn and the reminder from $500M to $1.2Bn. Since the prodn and reserves on OML 18 are the least of all these maybe the 45% interest in 18 will go for something closer to the lowest anticipated purchase price and all the talk and idea of over $1Bn is not warranted. Lot more palatable if case. Right now it is imperative to get the oil flowing thru the new pipe on the basis CEO described: pity in Conference he first reiterated Sept timeline but then said "weeks."