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Mart Resources Inc MAUXF



OTCPK:MAUXF - Post by User

Comment by Fernando2010on Sep 05, 2012 8:07pm
353 Views
Post# 20322207

RE: cash flow

RE: cash flow

Watch 22:

why did you consider Mart´s share in barrels of oil produced and sold (8.450 bopd, or 65% of gross production) based on total production (13.000 bopd), and not based on total number of barrels sold, after deducting losses?

I understand that, with a 65% share, Mart´s total number of barrels sold per day should be 7.605 (65% of barrels sold, after deducting 10% of pipeline losses) and not 8.450 bopd.

Thanks for your effort in putting out these numbers.

 

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