Mart Resources Inc MAUXF

RE: RE: RE: RE: RE: RE: RE: uncertainty

[mat_hog]

Everyone keeps saying no money coming in.........They get paid for nominated oil, oil is nominated ahead of time, if pipeline is down then they get paid for oil that was nominated and what was not delivered is called deficit oil, they get a 6 month window to pay back deficit oil.  The last time we had a big deficit oil was I believe in dec 2011 some 300k bbls, it was not even noticed as it was paid back.  Not to mention that if AGIP wants more deficit oil paid back faster they can up the allowance for the cluster, as they did in early 2012.  Keep in mind we have capacity for about 19k bbls per day gross and have about 12k gross bbls per day space available in the pipeline. When the financials come out for 2012 and the balance sheet is solid everyone will be stepping on themselves to get back in.  If you have done the DD you should be quite comfortable, in fact I averaged up when we hit $1.60's the other day.