OTCPK:MAUXF - Post by User
Comment by
polygraph46on Feb 02, 2015 9:26pm
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Post# 23390706
RE:at today's prices OML18 would not be valued
RE:at today's prices OML18 would not be valued Gibby.........what you have to realize is that Mart and its partners bought OML18 for the long run.... like two to three years down the road. Not for the three hour daily horizion or whatever you need to trade it. Debt to equity will not be problematic. Debt interest as well is a not a serious concern for the operators. But, read the history on OML 18....they are sitting on a virtual sea of petroleum and it will be brought onstream as they see fit. Umusadege itself is a monstrous oilfield which they are still drilling to find its deep deep boundaries. To most day traders, these items mean little, but to the longs, it's more about the big picture. Once the price of oil moves back to realistic levels, watch the action here.......good luck to you....pg46