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Mart Resources Inc MAUXF



OTCPK:MAUXF - Post by User

Post by Fernando2010on Aug 29, 2012 5:56am
377 Views
Post# 20272856

Question about Q2 cost recovery

Question about Q2 cost recovery

In Q2 MD&A report, management cited "the decline in Mart´s share of production in Q2 to 52% (from 82,5% in Q112 and 68% in Q211) primarily because drilling costs had been recovered", as one of the causes for the lower net income. Mart´s share of petroleum sold in the quarter (52%) is just above the percentage in a situation where there is not cost recovery at all (50%)

But, in spite of that,  in the Cash Flow statement, I noticed an investiment of us$ 13,9 millons as "Addition to petroleum property interests". That investment doesn´t apply for cost recovery?

Comments are welcomed

Thanks in advance

Fernando

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