Mart Resources Inc MAUXF

New Pipeline

[molymoney]

It is interesting to note that the new pipeline will be capable of delivering 60,000 bods , but if additional pumps are added it could deliver up to 85,000 bod . IF you add the 18,000 bod from the negotiable increased alottment with AGIP ..THE grand total from the pipeline operators will be 103,000 bod.

This was discussed with Oullins about 2 weeks after the June 28th meeting (long long ago). We wait with baited breath for the final signatures from the CRUDE HANDLING AGREEMENT WITH THE CAPACITIES THAT WADE INDIRECTLTY SUGGESTED IN HIS PRESENTATION LOL

MM

[mat_hog]

Energia Targets 10,000bpd Production By 2013 href=”https://www.osundefender.org/wp-content/uploads/2012/11/IMF-LOGO.jpg”> Indigenous Marginal Field, MF producer, Energia Limited, said it hoped to increase oil production from its Oil Mining Lease, OML 56, to 10,000 barrels per day, bpd, by 2013. Current capacity from the block is put at 5000 bpd and expected to inch higher to 7,000bpd by mid

[molymoney]

To overcome the challenge, the Energia boss disclosed that the company has entered into a joint venture with Midwestern Oil and Gas, a member of the Cluster to construct an alternative 53-kilometer, 12-inch export pipeline that will run from the Umusade Field to Eriemu Manifold. Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?s=MMT&t=LIST&m=31753369&l=0&

[oullins]

Moly,  glad somebody remembers some of my posts. :-)   Not sure about Q2 2013 for completion, That's a bit short in a Nigerian calendar even with the accelerated building program being discussed (hint).  I would be very happy with a Q3 completion.  Any month prior to the end of the tax holiday in December 1013 adds an  estimated $5m extra in cash

[stockpeeker]

Only a 12" diameter pipe?  Hmmm... really?  For some reason, I had imagined something bigger to accommodate the growing 2013-15 production of the several groups wanting to transport via Shell vs. Agip.