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Bullboard - Stock Discussion Forum Mart Resources Inc MAUXF

OTCPK:MAUXF - Post Discussion

Mart Resources Inc > Trans forcados line down since 4th of Jan du vandalism
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Post by oberdorf on Jan 13, 2015 9:34am

Trans forcados line down since 4th of Jan du vandalism

https://www.punchng.com/business/business-economy/power-supply-drops-to-2880mw/



The pipelines have been regularly vandalised in the last few months. The Trans Forcados Pipeline has been down. The last incident occurred on Sunday. The previous one was last Wednesday. The pipeline was fixed and as it was about to be commissioned, it was vandalised again at various points.”

NICE!!!

Line Down on continuing vandalism and our breakeven is $45 (production costs and royaltees) a barrel!!

We are RUSTED!!!
Comment by righand2 on Jan 13, 2015 9:39am
That is a gas pipeline, not the one we use.
Comment by oberdorf on Jan 13, 2015 9:51am
Are you DUMB or do you just cant read!!! https://africaoilgasreport.com/2015/01/in-the-news/seplat-enters-2015-running-low/ SEPLAT Petroleum’s gross crude oil output hit a skid a day before the end of 2014, plunging to 36,064 Barrels of Oil per Day (BOPD) on December 31, from 73,745BOPD just a day earlier. By January 6, 2015, Nigeria’s largest indigenous oil company was producing a mere 204BOPD. ...more  
Comment by AdamJT on Jan 13, 2015 11:33am
You should read a map of the pipelines enlighten yourself
Comment by AdamJT on Jan 13, 2015 11:36am
Notice how the area is the pipelines to the north. https://www.heritageoilltd.com/media/19639/nigeria_delta_licences_technical.jpg