OTCPK:MAUXF - Post by User
Comment by
mjh9413on Sep 28, 2012 1:21pm
382 Views
Post# 20425229
RE: Well Mart is a service provider
RE: Well Mart is a service provider I am sure their 'share of hydrocarbon' interests are secure (they never outline property rights, titles,interest under the RSA's., etc., as a risk or uncertainty in their MD&A's or any other report) but I found it strange when I searched for the RSA's on the SEDAR site they have not been submitted (they were finalised between mid 2005 and early 2006) as material corporate documents so one is unable to read any part of them. However the 2 RSA's, we have been told over the years by Mart, outline the 100% capital cost development as a call on Mart and hence the fluctuating share of hydrocarbon receipts down to 50% minimum. Not reading the details for oneself is somewhat disconcerting but surely Mart's interest in UMU are secure, and clearly more secure and less volatile than the nominated delivery formulae and lost oil!!!
We simply must get the UMU 10 drill (and test) results next week...surely? They would not have continued the divvy policy if 10 not already assured.