Rant time19 Mar 2019 19:27
Rant time.
So MFdevco been established since 2013 ,and have been trying to get a marginal field project up and running since then and to date have not achieved a single project deal, and to be honest there has been no real and I mean real evidence that they are close or have close to a deal if there is evidence let’s see it !! What we have had are RNs’S containing statements which where not true although apparently these are strictly monitored by the nomad !!
1.PVF will be ready to begin the production test, which is anticipated to last between 30 and 90 days, as soon as approval is received from the DNR 3/18
2.Securing the first project via MFDevCo remains the priority and good progress has been made with respect to achieving this in the short term;3/18
3Technical and commercial discussions with PVF are ongoing to determine the most effective route to achieving production. These discussions are expected to conclude imminently at which point we will update the market with our plan for the next stage of development. 12/18”imminently!!
Now we have the sudden jump to GTW , which is a great idea and one which other company’s are hoping to develop and seem to be further ahead of NU/MFdeco and if they haven’t managed to get one project over the line in 5 years with marginal fields why should I believe they can with GTW or is it just the lastest buzzword to keep me invested, some will say that with a collaboration with a big company like Siemens that makes it ok, we’ll we had this when Aker solutions joined the consortium all ramp but that was over a year ago and no deal since they joined !, so I doubt GTW wire deals will be any different.
I would love someone to show me some definitive evidence that nu oil and MFdevco are actually close to anything and not just blindly spending investors money.It so easy to say there working hard and very close without ever showing at evidence at all. Imho I feel they are nowhere near anything at all!
Yes Iam invested and see bigger losses everyday my own fault I know but I feel the company’s failed promises also play a part. Yes I could sell but there’s not a lot of point at these prices and yes I have contacted the company via Simon and get the same boring bullshit reply every time .
GLA we are going to need it
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