OTCPK:MAUXF - Post by User
Comment by
ellornoon Aug 23, 2015 6:37pm
314 Views
Post# 24044173
RE:this one dead in the water.
RE:this one dead in the water.Mart isn't an oil company hoping to strike oil, waiting on a permit, or drying up oil wells. Mart was fine up till the bid from Midwestern where everyone was skeptical about the deal. Many other oil companies are valued higher today, than what Mart is, and they're either anticipating more BOE's when they're not even close to the production levels that Mart is at, or waiting on production from test results and hopes on something good. Any company goes into debt to get into production. Mart isn't dead in the water, they're in the middle of Nigeria cleaning up corruption & theft; low oil prices. They just have to clean up their overhead like any smart business, which is what i'm hopeful for with the new CEO.