Mart Resources Inc MAUXF

Comments about the PR

[oullins]

First of all it was a very good PR.  We got a lot of information and that is a noticeable improvement.

Present drilling status
Well strategy and objectives
Detailed plan for the well

In addition we got a much improved volume flow from the field.  I am not sure if it was because the other companies had less output.  The additional volume is quite high and it would mean that those other companies needed only 1/3 of their previous flow so I doubt it.  Just to keep things in perspective 2K a day is $220K a day.  Mart's share for the month for that incremental production is $4.5M of revenue and $3.2M of CF. 
That's 12c a share of CF for the year!!!

I think there is too much importance about the wording used to describe the status of the AGIP deal.  We are waiting, it is in the hands of a bunch of people at AGIP and ENI who have to sign off on it and they have no sense of urgency. 

If you read between the lines there is a very important item to pay attention to .  There is no doubt in my mind that the main goal of UMU9 is not the production but is to go after reserves. 
"To appraise the extension of the shallower reservoirs"
"followed by a logging while drilling"

It is very important for the company to increase the NAV and that is what they are going after.

This well will determine the strategy for UMU10 and 11.

GTLA