Mart Resources Inc MAUXF

"Material" Current Q Revenue Reduction

[stockpeeker]

ENI-Agip's declaration of Force Majeure does seem to indicate that Agip would not be paying UMUsadege partners for oil that does not flow down the pipeline.  I mean ... let's be realistic with expectations.  Given Mart's unwillingness to be open with communications, we will be kept in the dark for a few months about the "material" impact to current Q revenues due flood damage to the pipeline. 

I have assumed no oil will pass thru the pipeline from UMU facilities until early December, and I have to expect current Q revenues may be reduced by 1/3 or more vs. last Q.

'peeker