Mart Resources Inc MAUXF

June Presentation

[certified8]

Some good news in the June Presentation on the Mart Web Site

May production was 11,800 bpd

will shortly be incresed to 14,000 to 15,000 bpd

and further increased are being negotiated with Agip

 

good news

[stockpeeker]

The June presentation for Paris and NYC briefings were very nicely done.  Good details and optimistic outlook.  Not quite as nice as having a dividend announced, but reassuring to see that the growth continues and cashflow/profits should continue to improve this year and next (assumes the good Lord's willin and the pipelines don't get blowed up).    Today's negative

[derbon99]

What i liked in the presentation is the negociations with Agip to raise the pipe capacity to 21' bopd It means we would still have room to drill till the Shell's one is ready About the reserve, what will be really nice is an update after having tested the lower part of UMU9... In any case the UMU9 is so far from the other wells that the next reserve update should be very nice to get.

[5wood]

One point I would like to clarify is that Mart's plan is probably going to use both pipelines not just their new pipeline which would give them a significant improvement in flexibility. Assuming that is correct then it would also be correct to think that the continued drilling will be required between now and the completion of the pipeline construction to ensure that there is

[oullins]

5wood,  The answer to your question is in the last NR:   "Mart and its Co-venturers anticipate that Umusadege oil will also continue to be exported under its existing Crude Handling Agreement with Nigerian Agip Oil Company."

[5wood]

Thank you Oullins. Now if the rest of the steps for the end game can come together on a timely basis we will all be waving pom poms. Did I actually say on a timely basis LOL... If it does come to pass on a timely basis I will be the first in line to buy Wade a very very good single malt scotch - none of this 20 - 25 year old stuff, something much better. 5wood  

[dontknowmuch]

Hey "5wood", Just my opinion but.......Wade is compensated VERY well for anything/whatever he does ....on the other hand: Oullins keeps us all informed, up to date, educated....... need I go on?   Send Oullins the scotch! Again, JMHO! DKM    

[5wood]

Good idea DMK but I am pretty sure that Oullins is a Chardonney guy, so maybe lots of good California Chardonney. I told Oullins that we should buy him at least lunch next week just for starters...   5wood