Mart Resources Inc MAUXF

presentation

[knife2]

"UMU-10 well drilled to appraise new sands discovered in UMU-9. Next phase of operations will include open hole well logs, conducting pressure surveys on prospective zones and acquiring fluid samples "??

[jimmer10]

I thought the same thing, but not worried.  Slowing the drilling process allows the partners to maintain a strong cashflow for Q3 so they can work on he pipeline build.  Mart doesn't need the extra cash in the short-term.  As per the presentation, increasing export routes and redundancy is key for huge cash inflows next year.     Since the pipeline won't be

[mat_hog]

Anyone notice they have 33 sands in the new presentation up from 25 after UMU9, UMU10 must have found 8 new sands!  GLTA

[knife2]

  Up to 33 stacked sands??""" "     that's a little vague, does it mean we have 33 sands proven, or this is what they think they have

[radcat]

I take it to mean drilling went beyond the previously announced total depth and discovered 8 new zones, hence the reason for a larger drill bit, and the fact that total depth was estimated to occur by mid September.  What to do, what to do?  Stay and drill umu-11 from the third and final slot on existing drill pad and go after some or all of the 8 new zones, or

[BlindBat_1]

I take it to mean drilling went beyond the previously announced total depth and discovered 8 new zones, hence the reason for a larger drill bit, and the fact that total depth was estimated to occur by mid September.  What to do, what to do?  Stay and drill umu-11 from the third and final slot on existing drill pad and go after some or all of the 8 new zones, or

[bakken13]

Results from UMU-10 in November? That's two months later than all of the pumpers were claiming.

[RaiderRoady]

If we have logging results next week, I'd say it is completely reasonable to expect flow testing results in November. I see no problem at all.