OTCPK:MAUXF - Post by User
Comment by
wallywillon Mar 28, 2013 2:07am
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Post# 21178632
RE: RE: RE: RE: RE: uncertainty
RE: RE: RE: RE: RE: uncertainty What is uncertain at this point is when the maintenence is finished however along with the shutdown any oil that Mart can produce will not being stolen. There will always be ups and downs with Marts SP as shutdowns and oil losses are reported. Look at what is certain...UMU 10 is a sucessful well tested at over 5000 BOD + 609 barrels of condensate per day, a new pipeline will be constructed and then UMU 10 can be brought into production. UMU 11 is ready to spud. Wade has acquired a $100 million available credit. Ask...why would Wade be looking for credit? Certainly not to pay debt because presently Mart has none. He is looking to expand Marts holdings.
"Wade Cherwayko, Chairman & CEO of Mart Resources stated: “Mart is very pleased to have
made this arrangement with Guaranty Trust Bank PLC and anticipates that the additional
flexibility the facility can provide will enable Mart to move ahead quickly with development and
potential growth plans.”