OTCPK:MAUXF - Post by User
Comment by
gibbonsjon Sep 26, 2014 8:19pm
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Post# 22975444
RE:RE:RE:Natives with buckets?
RE:RE:RE:Natives with buckets?
Its almost unimaginable but theft has been as high as 30% of MMT's monthly production. The new pipeline may to a large extent eliminate AGIP wich would bring line loss down to 7%. The first update with the Umugini pipeline in full operation and UMU4's additional 4500 bpd may be a jaw dropping improvement. The following update with UMU4STH and UMU12 online may also give sp a substantial lift. Provided of course that the sector is still in favour and the good news does not fall on deaf ears. Then there's UML18. If it happens, who knows how it will change the Company? Certainly won't be the little Nigerian oil company with a 30% pipeline loss anymore.