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Mart Resources Inc MAUXF

Energy Oil & Gas E&P


OTCPK:MAUXF - Post by User

Mart Resources Inc > Pressure on divy?
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Comment by oullinson Jun 24, 2012 10:35pm
530 Views
Post# 20049932

RE: RE: RE: RE: RE: RE: Pressure on divy?

RE: RE: RE: RE: RE: RE: Pressure on divy?

Bobwin.  Mart spends money on drilling and gets paid back in oil for their expenses.  Out one pocket in the other.  Bottom line 0 "real" cost.  The reimbursement schedule is immediate.  This means 30 days with the paperwork.

This is why I am so surprised that the partners agreed to drill UMU10 now.  It comes right out of their cashflow ($4m a month) without any increase in revenue due to export pipeline limitation. I am sure it took a lot of convincing from Wade for them to agree.

Cheers

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