Mart Resources Inc MAUXF

MMT SP Catalyst

[Jesse15]

I know were all excited about UMU 10  and the upcoming Shell Pipeline ... and make no mistake these two will result in huge upticks for our share price... BUT  the real massive increase will come with an updated reserve report. If you look at the sands identified in 7, 8 & 9 ... they appear to be the same as those encountered in umu 10 ... so this tells me that this is in fact ONE GIANT FIELD ( and further PROOF to this is the fact we have experienced ZERO DECLINES - which in itself is UNHEARD OF )   ... With this in mind I am expecting at least 100 million bbl's  - perhaps more... and when that happens  I fully expect  at least $ 5.00  / share  ( and this is a heavily discounted number ) 

I would be shocked if were not taken out shortly thereafter - at a healthy premium  to $ 5.00 ( perhaps $ 7 - 8.00 )  !!!  GO MART

All within six months - :)

[durangos]

So when do we get the reserve report.I hope you are right about the 7-8 buck range. Would that price come in the next year or few years out.

[Jesse15]

New reserve report timing ?  ... in order to "book" the reserves they actually have to bring umu 10 oil to surface... so first step is flow test report, next is to tie it in ... and then the new updated calcs can be made and released !!! ... sincerly , even with Nigeria Time  i would not expect this new reserve report  to take more than 6 months . 

[tcbmill]

I like your optimism.I'll be very happy if you're half right.Not holding my breath though as things just seem to take so long.Guess I'm just impatient.Any of you other plugged in smart guys have any input on this theme?

[kaisersosze]

Definintely not plugged in...not so sure about the smarts either...but I'm looking for $3-$4 by year's end.  I'd love to see $5-$8, but just think that's overly optimistic.

[Jesse15]

Hard work's done Kaiser ... 10's drilled ..they just need to complete testing  , hook it up and have an independant  do the new reserve calcs ... thats what i love about MART ... its Africa Oil  -  except with the Oil  ... best of luck to all in 2013... Jesse

[kaisersosze]

I think UMU-10 and reserve update brings us to $2.  Pipeline to $2.50.  And UMU-West and UMU-East (and associated reserve updates) to $3-$4.  $5-$8 the year after that! :-)  Game changer could be more marginal fields this year, along with second rig.  That might make your target more feasible. Good luck to all also!!

[Vanboarder]

Yep, have to agree more with you on this one Kaisersosze. IMHO opinion while I believe the UMU#10 results/reserve report will push the SP up I think the pipepline deal getting done will be the biggest catalyst in the near/midterm. Regardless of which one of these pushes us the highest it nice to know we have a few things coming down the pipeline (pun intended). I

[bows333]

Over a year ago I wrote that--if everything worked out right--that Mart could be a $7 stock in a year.  Most of my givens occurred; the one that did not was a war in the Middle East.  For this prediction Bobby, known to some as the ultimate pumper, publicly posted that I was nuts.  Well, he was right, we still have yet to see $2 (not that I'm complaining with a double in a year

[bakken13]

"Over a year ago I wrote that--if everything worked out right--that Mart could be a $7 stock in a year." ---------------------------------------------------------------------------- That is the main problem with Stockhouse, people making wild claims with absolutely no fundamental basis to back them up. Either you have no clue about Mart's operations, or you enjoy attempting to