Value Microcaps Junior Energy

[farwest]

Bob re: MMT

U6 is capable of producing significantly more than current production IF they indeed completed the well with dual strings (as they said they would). However, the lack of discussion as to why U6 is only producing from one string is conspicuous, and has led to needless confusion/concern vs what the market was led to expect. Clearly, insiders and friends of insiders had the heads up long before we did.

That said, Digi said there are mechanical problems with the pump on the second string (there are pumps on each string). IF that's the case, it is a good buy opp. If Digi's info is incorrect, then we've effectively been lied to. That's what I am trying to determine. MMT (Halpin) won't answer the phone and isn't returning emails, so I'm stymied trying to get answers.

I'd also like clarity as to when they can get existing pipeline capacity to 10K bpd and how long (and how much $) an alternate route to the Shell pump station would take.

Based on U6 and expectations for the next two follow on wells, plus workovers, MMT is clearly capable of getting production to well over 20K bopd gross - the question is when?