Value Microcaps Junior Energy

[Tim Lamb]

Hi peeker:

I did a google search of AGIP pipeline leak.

The map was me just looking for the Bayelsa State which Mart is in as I have no idea where all the leaks are.

Came up with this one in July. Looks like AGIP didn't even know about it for a few days at least.

http://www.thetidenewsonline.com/2013/07/12/communities-panics-over-oil-pipe-leaks/

Then this article in June on at least 5 leaks.

http://news.naij.com/38040.html

I didn't even try to place the Mart field on the map but in hindsight one has to assume Mart production goes through the area.

While AGIP may have fixed the line in March (remember the 3 or 4 week shut down with no Mart production going into the pipeline) the thefts are worse now (back then losses were only in high teens).