Mart Resources Inc MAUXF

Umu10 & update

[bobby1231]

UMU10 Sure is taking a lot longer then expected, I hope it's worth the wait.

I think we should have a set date every month to update share holders and if it falls on weekend we get it the next trading day. I like having something to look forward to.

[kaisersosze]

Looks like some people are starting to bail; likely thinking that the delay means problems. 

[roxy14]

imagine it'll come out with the Q results next week

[themangokid]

i'm not sure why the expectation was to release test results on the first day after they drilled to the desired depth.  someone previously said the 40th day was august 13.  that was last monday.  they gotta observe the well dont they?  they gotta analyse production/behaviour dont they?  they gotta compile that info, dont they?   its not like a grade 3 homework

[billythekidd]

LOL ...Not much bailing going on based on 300,000 traded

[kaisersosze]

Agree the volume is "wafer thin" (to quote our great British comedians)! :-)

[kaisersosze]

UMU-9 commences drilling on Nov. 18https://www.martresources.com/wp-content/uploads/2010/06/21/news-events/November-22-2011-UMU-9-Well-Commences-Drilling.pdf UMU-9 identifies 260 of oil on Dec. 20. Roughly one month.https://www.martresources.com/wp-content/uploads/2010/06/21/news-events/December-20-2011-UMU-9-Identifies-260-Feet-of-Cumulative-Oil-Pay.pdf UMU-10 commences drilling on July 4.https:/

[kaisersosze]

And yes I do realize these are deeper zones which may take a bit longer.  Even still, we should be just about done (imo).