Mart Resources Inc MAUXF

April Op Update came out today

[stockpeeker]

Mart Resources, Inc.: April 2012 Operational Update

- Umusadege field production averaged 12,206 barrels of oil per day ("bopd") during April 2012. - Umusadege field net deliveries into export storage tanks were approximately 366,194 barrels of oil ("bbls") during April 2012. - Development drilling program will continue with spudding of UMU-10 well expected before the end of May 2012.

[stockpeeker]

Oops!  Correction:  UMU-10 to be spud before end of JUNE, not May.

[joelou]

I hope so ... then I will be buying ... but I don't think that this will be the case ... umu10 spudding this month or next doesn't change where this company is going in the long run ... IMO of course :-) cheers... JL

[jcjcjc]

Interesting to see that they comment that the deliveries for export are NET of estimated pipeline losses.  I guess they have finally seen the light and decided to imbed some losses in advance so as to manage expectations and avert another 25% sell off when they find out how Italian accounting will actually work in 2012. UMU 10 delayed until end of June due to long lead time requirements