OTCPK:MAUXF - Post by User
Post by
righand2on Dec 04, 2015 11:15am
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Post# 24354580
OPEC raises production quota
OPEC raises production quota
At these oil prices, Mart's cash flow is pretty much nonexistent. With all of the debt piled on to purchase OML 18, and no cash flow coming in to service that debt, Mart is in dire straights. The Nigerian banks could easily push Mart into bankruptcy and take the assets. Incredibly sad end to what had so much promise.