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Mart Resources Inc MAUXF

Energy Oil & Gas E&P


OTCPK:MAUXF - Post by User

Mart Resources Inc
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Comment by Burlyoneon Aug 19, 2010 2:56pm
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Post# 17366383

RE: Recalibrating expectations

RE: Recalibrating expectationsYou also have to consider pipeline capacities to Agip, I just went back into my archives 2007 and it says Mart has a 20% share of the pipeline. 20% of 30 - 40 = 6,000 - 8,000 barrels per day.

Pipeline has 5 companies with equity position, 20% each,that will affect production, current price is about $ 3.00/ Barrel to ship and process the oil. If you have a position in the pipeline you will get a rebate for your payments of shipping the oil.  Pipeline can carry 30 – 40 thousand barrels per day, 8” pipeline. Oil is to be processed at Agip, National Italian Oil Company.
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