OTCPK:MAUXF - Post by User
Comment by
oullinson Jun 21, 2012 2:18pm
478 Views
Post# 20040596
RE: RE: RE: Why does this company always DOWN play
RE: RE: RE: Why does this company always DOWN play Bankbank. No comment on reserves outside of "I can assume it will be up a least on the 2P"
Reserves estimators are a bunch of very conservative people. UMU9 was a 1km stepout. There is no way Mart will get all the credit until at least 2 more wells are drilled. There is nothing else they can do about it. Drill baby drill.
Also, Mart will not get the reserves credit for the lower 6 zones discovered in UMU9. You have to flow it to count it. We need to wait for UMU10 to get that since UMU10 targets the lower zones below 8,000'
I will decide on the lunch location early next week. Make sure I get a PM to be on the list.
Cheers