Mart Resources Inc MAUXF

august production update

[knife2]

Wade, can you please provide us with the estimated loss of oil production for the august update and also with each update there after.

 

We got about $7 million in July for exerise of options

10% theft for July

no underlift (cost us about $10 million in Q2)

we probably only get 50% of production for Q3

oil prices are higher so far for Q3

We should be able to add at least 25 million to cash for Q3 - easily pay for the Q3 dividend

 

Q4 - probably will get in the 70-75% range of production (pay forUMU 10)

      -keep theft in 8-10% range, oil prices are hopefully stable, production remains stable

      this would make Q4 dividend easily payable.

 

By this time we are hopefully only 6 months away from the other pipeline being operational.  Then 5c a quarter is easily attainable and can probably be increased.

 

Next catalysts

1) UMU 10 updates

2) Shell pipeline deal (this is so huge) I want to see something within a month from now

[joelou]

You forgot one more huge catalyst:  MERGER .. This will simplify a lot of things going forward.  Cheers ... JL

[knife2]

So if we merge Mart would have to give up 16% so Midwesten would own 51%.  What would Mart want for this 16%.?  I would want no less than 300 million.

[JustforFun7]

Looking forward to seeing how things play out.   JFF7 

[paljoey]

Mart does look more risky now, so the August numbers would be re-assuring. Umu-10 with good results next week will also be welcome. The markets are also becoming less risky.   Fundamentals remain strong here, so if risk returns to normal, still a decent investment.