MMT.v/MAUXF.pk: Hey, Bob. The good news is they are generating lots of cash with increasing production of high-quality premium-priced oil.
You mention they need to pick up additional drillable prospects. Whether they can pick up additional valuable drilling prospects remains to be seen, but Shell is in the process of selling some operating fields in Nigeria, so maybe they'll be able to partner with some local company to buy some proven assets soon.
Is it fair to say that as they sink new wells in UMU field, they are increasing their reserve depreciation rate, so they'll need to expand beyond UMU field to be taken seriously by longer-term VALUE investors?
Just curious; trying to understand what you think would be MMT's next best moves in Nigeria and beyond.
By the way, I saw that the sun may come out for a few minutes sometime tomorrow. Don't miss it.
Best Regards,
'peeker
Focus Focus Focus Focus !!!!
