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Bullboard - Stock Discussion Forum Mart Resources Inc MAUXF

OTCPK:MAUXF - Post Discussion

Mart Resources Inc > ENI / Agip
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Post by certified8 on Aug 29, 2012 12:03am

ENI / Agip

Mart has always had issues with ENI/Agip and their pipline but we are a customer and

our interests and are well looked after by our partners Sun Trust (a local government group)

and Midwestern. They know how to deal with the potent combination of the Italian mafia types

and wanta be mafia Nigerians. I trust Wade to work these issues out as he and his staff

have in the past.

Soon we have more oil thanthe new pipeline can handle so we will continue to need Agip

so cool it on the dump Agip comments.

Interesting but not surprising that Wade got us drilling the UMU10 by giving the partners extended  terms on repayments - a very good move in my opinion. Wade owes the partners a few favors as without the partners support we would not be here today, and Martwould have been sold at 14 cents.

Dont sweat it on the extra time for UMU10, its deep and high pressure and they get a gas bump any day now. 3 expats on the ground and a great gang of Nigerians are doing great job drilling a deep well 25 feet from a producing well.

The gang has drilled great wells for us in the past  eg 7 in a row all good and all safe.

Thanks to the boots on the ground in Nigeria

I will buy tomorrow !!!!

Comment by joelou on Aug 29, 2012 12:34am
Very well said certified .. Investors must remember the big picture here and that is this umu field is a lot bigger than originally thought, Mart and their partners will figure it out .. One word of caution, be careful you don't sell into this as one cannot predict when the next  big catalyst maybe coming the pipeline -- hey, mart still pretty confident enough to declare the sept divvy -- ...more  
Comment by rljp on Aug 29, 2012 4:43am
This post has been removed in accordance with Community Policy
Comment by Vanboarder on Aug 29, 2012 5:07am
Actually, I believe the plan for the new pipeline is to bury it underground under like 12? 24? (can't remember) inches of concrete. I'm not saying it will stop them but it sure might slow them down a bit. LOL Not sure who is new here on the board or not but "theft","bunkering", or whatever you want to call it has been ongoing and while we all hate it, it's ...more  
Comment by Vanboarder on Aug 29, 2012 5:07am
Actually, I believe the plan for the new pipeline is to bury it underground under like 12? 24? (can't remember) inches of concrete. I'm not saying it will stop them but it sure might slow them down a bit. LOL Not sure who is new here on the board or not but "theft","bunkering", or whatever you want to call it has been ongoing and while we all hate it, it's ...more  
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