Finally got some Umugini (well over a year late)!!!!!
The potential is there to greatly increase daily production, lower pipeline losses, and (probably) more than double annual cashflow. Unfortunately the CEO's credibility has been tainted by the rosy projections and delayed execution.
IMHO the price of MMT will be limited until the company can announce that the Umusadege field has produced over 30,000bopd. It should come by some time in Q1, I hope, but there's a history of the unforeseen limiting Mart's execution.
At any rate, it feels better to be a Martian today than it did yesterday.
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