OTCPK:MAUXF - Post by User
Post by
rrcool53on Dec 20, 2011 4:17pm
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Post# 19339425
David Pescod's Late Edition
David Pescod's Late Edition MART RESOURCES (V-MMT)
.87 +0.09You can search the resource world far and wide andyou will find almost very few stocks that are currentlytrading at near new highs for the year. Mart Resources isone of the few (mind you it had been halved like everythingelse in the crunch of a few months ago) and todayMart makes yet another good news story from their ongoingoil and gas exploration in Nigeria.Today they announce, “The UMU-9 well commenceddrilling operations on November 18, 2011 and is currentlyat a depth of approximately 8,311 feet, concluding the intermediatevertical section of the well. Open-hole wirelinelogs have been run with results indicating a total of 11hydrocarbon-bearing sands. The well logs indicate a cumulativegross oil pay of approximately 260 feet in the 11sands encountered by the well to date.”Unbelievable! Eleven sands so far, 260 feet of potentialand they are still a long way from total depth.Another big well that could make even more good newsfor Mart in the New Year.