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Mart Resources Inc MAUXF

Energy Oil & Gas E&P


OTCPK:MAUXF - Post by User

Mart Resources Inc > Q3 VS Q4
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Comment by oullinson Oct 11, 2012 4:47pm
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Post# 20475080

RE: Q3 VS Q4

RE: Q3 VS Q4

Correct they have a 90 days deferral of cost recovery for UMU10 . That was the way to convince the partners to go ahead and drill.  They will have some UMU10 cost recovered in Q3 but the bulk will be in Q4.  Drilling is not the only cost that can be recovered.  Facilities and some SG&A qualify for recovery.

 

Cheers

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