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Mart Resources Inc MAUXF

Energy Oil & Gas E&P


OTCPK:MAUXF - Post by User

Mart Resources Inc > Oando puts a well on production cl
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Comment by Greenchipson Oct 23, 2012 2:27pm
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Post# 20514794

RE: RE: Oando puts a well on production cl

RE: RE: Oando puts a well on production cl

Very useful summary BlindBat, a couple of comments.

The Oando driling rigs are swamp rigs so they are not being used by OER.

Qua Ibo will be taken on by OER at Oando actual cost which is effectively drilling plus payments to Mart and the JV partner which are less than $3 million I believe, total will be nowhere near $100 million.

 

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