Mart Resources Inc MAUXF

Wade called it break even at $45.

[hangemhigh4]

If that means $45 a barrel. That's how I see it but read CC yourself. imo

[gibbonsj]

pretty sure $45 is based on 100% of oil making it to port. When line loss is factored in, because there is an associated cost that is not recovered the number is higher. If he was not specifically asked if his cost included taxes ect then it probably doesn't.  There are other costs such as interest that may also be outside his breakeven number.  If the right questions are not asked

[mjh9413]

If you take the whole $28MM last qtr prodn and other costs, including depletion, (it's a table in the MD&A where they don't breakdown costs to boe like other oil companies do) and apply that numberr to MMT's 439,000 qtly share of prodn you get $51/bopd, more or less. Since those total costs also produced 20%+++ lost oil then $45 (even less) seems like breakeven...however, when