Mart Resources Inc MAUXF

MMT vs. CEN

[Psalm9012]

MMT: 20,000 BOPD "behind pipe"; mkt. cap. $195 million

CEN: 10,500 BOPD producing; mkt. cap. $850 million

Consider also:

    Pros: - MMT higher quality oil
               - CEN $50+ million long term debt - assume MMT

               - CEN high tax and royalty regime

    Cons: - half MMT profit to indigenous partner
                - "behind pipe" - got to get the other 14,000 BOPD flowing
                - did not include CEN 2000 BOED onshore natural gas production

All metrics considered, MMT share price has got a long way to appreciate this year relative to its peers.

Greg

P.S. Of course I sold all my CEN a couple weeks back.