OTCPK:MAUXF - Post by User
Comment by
dr_airtimeon Aug 28, 2012 11:00am
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Post# 20268728
RE: Operational Update - status please!
RE: Operational Update - status please! Sueme - we have seen the operational update included in the quarterly results before so I wouldn't worry. Tonight or tomorrow morning.
EPS should be $.07-$.09 assuming Mart is entitled to 60% of Umu production. Note that there is no way we will be near record Q1 earnings of $.11 as we got 82.5% of Umu oil production in Q1 due to cost recovery on the very expensive Umu-8 well, which was likely close to fully cost recovered in Q1.
I am going with 60% guess and the rest is pretty easy to calculate off of the operational updates provided, Bonny oil prices and status quo operating costs and DD&A (depreciation, depletion & amortization).
I would be very surprised if we are not in that $.07-.09 range.