Mart Resources Inc MAUXF

Thouhts

[molymoney]

Technically using dual string completions the most sands we can put into production is 4 zones per vertical well, so in essence they are going to pick the best thicker higher presssure zones so all is well. I really expect higher bod from the testing on this production well as the pressures are higher from the depth :)

 

As far as the quarter theft goes, remember a quarter is based on oil price we get and also % due to drilling on forward oil. All of that was against us last time..so we had 7% less theft as well. Quickly its obvious we can't get an 11 cent quarter , but maybe a 5 cent one is possible. I still maintain that with all the existing cash we have ..we could have this amount of theft and still run the divy right up to entering the new pipeline especially if we continue drilling and get higher % of forward oil. The market sees what i see and they sense the pipeline is close. Midwestern knowing that the increased capacity of the new pipeline is within a reasonable schedule, would using logic allow us to drill and test as much as possible up to the fourth quarter of 2013 as per NR on shell pipeline schedule.

I do wish they would buy puts on oil prices up to next year , but i guess they know what they are doing. GLTA

MM