Mart Resources Inc MAUXF

pipleline loss way down in January

[gibbonsj]

the 12 days February downtime is troublesome though.  No mention of NAOC investigation. Is that 9% January loss the investigation outcome or the result of shutting the line down before losses could mount? January’s downtime was only 4 or 5 days.  Feb’s was 12 days which does not look all that promising. New pipeline moving forward but negotiations with communities not done and construction crews for last legs not yet mobilized which could be because all the materials have not been delivered. I think we’re out of the monsoon season. Pipeline completion expected in fist half of year followed by installation of pumping, controls and commissioning. Production crude should flow in last half of year which was the original 2013 projection so kudos to Wade for staying on target.

[jd43xl]

More mindless gibberish from the guy who sold at $1.41

[donaldmccoy]

This post has been removed in accordance with Community Policy

[Lincoln9]

Pipeline losses down may be related to. The Nigerian Navy says it destroyed 260 illegal oil refineries and burned 100,000 tons of contraband fuel to try to halt oil thefts bedeviling the economy of Africa's biggest petroleum producer. February 2014 totaled approximately twelve days due mainly to a shutdown of export pipeline resulting from a lack of storage capacity at the Brass River export

[gibbonsj]

totally agree. Just connect the dots.  I really wish the divi would disappear.  Its killing sp. I believe we're very close to the point where the sp can stand on its own. It will depend on pipeline downtime I suppose.