OTCPK:MAUXF - Post by User
Post by
mjh9413on Dec 07, 2014 6:23pm
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Post# 23204504
Post Umugini financial performance
Post Umugini financial performanceLast qtr ~8,000 boepd resulted in $33MM cash flow at ~$110 average realised price. So, taking a potential of 16,000 boepd as a marker (as we have less lost oil and increasing flows of oil from field) at a $70 realised price should give about $45MM to $48MM cash flow on same share count. So,immediately running faster to compensate for lower price this is a position that not many oil companies are in...facing a drastic price collapse we have a unique positive occurring in this company...and with Notore and its existing co-venturers, with both gas and oil, pioneer tax status on the new field, and all its reserve and prodn potential, at these levels MMT IS a steal. But JMHO