OTCPK:MAUXF - Post by User
Comment by
mjh9413on Oct 22, 2014 8:30am
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Post# 23050099
RE:OML 18 SPV partners
RE:OML 18 SPV partnersThanks for input but Notore (which sort of explains that funny Consortium name they used) is definitely part of the buying group and I see MMT themselves saying they will have almost 10% of 45%, at least that is how I read it. (viz.,|....Mart will become the holder of an indirect working interest in OML 18 of approximately 10% through its existing ownership of shares in a holding company ("Holdco") that owns 50% of the shares of Consortium SPV.) I believe the other 50% holder in the SPV Consortium is Notore and MMT's partners in their 50% are Midwestern and possibly SunTrust but not sure of latter...guess it is hardly important though. In addition Aiteo (buyers of OML 29) will also be buying the Nembe pipeline so no income from that...