MMT.v ... don't get me wrong, Matt, I think they have a blockbuster oil prospect, but production volume appears totally bottlenecked by pipeline service. If they can gain access for 20-30,000 bopd, this will be a home run, but right now the (shared) pipeline service has been inadequate to meet their needs. They can only gain the benefits of greatly increased oil production with UMU-7 and UMU-8 after they have arranged some way to get their oil to the market. The issue IS pipeline service. At one point there was a rumor they would even build their own pipeline, then the last we heard there is just an effort to add a pump to the existing pipeline.
Gotta solve the puzzle in a way that assures the market they can get that crude to market.
Regards,
Steve
Focus Focus Focus Focus !!!!
