Mart Resources Inc MAUXF

RE: Upgrade of CPF presages large increase in Prod

[Bobwins]

good recap but I didn't see anyone question your Q1 2013 date for all these miraculous production increases.   Based on previous drilling timetables and the fact that Mart still doesn't have the full go ahead from Shell to build the connecting pipeline, I would classify their chances of pumping oil to Shell in Q1 2013 as remote to slim.  Maybe they sign with Shell in the next few weeks and start construction by Q3 but I am skeptical.  

Didn't I read that they think it will be 12 months from the final agreement date?  They don't have the agreement yet and no construction contracts have been signed.  This is a buried pipeline 54km long.  How is this going to happen by Q1?

I agree with all the positives you listed but think that the timetable will be delayed.  The good news is still there but like most things in Nigeria, will happen later than we think/hope.