OTCPK:MAUXF - Post by User
Post by
Olmert4on Feb 22, 2015 12:43pm
218 Views
Post# 23452610
Mart is not Afren
Mart is not Afren
I see people making reference to Afren and what happened to them on IV whilst not owning any Marts.
Well he failed to mention that Afren paid approx $600m via a loan for blocks in Kurdistan and those blocks have been wiped to zero value, whereas Mart have oil production, and OML18 which most definitely has a lot pof producing oil.
Also Afren's debt structure is not a bank loan like Mart's but Bonds and those bondholders are calling the shots, However Afren have had all the Kurdistan asset virtually wiped to zero and still owe the money on it.
Let's see what happend tomorrow.