Mart Resources Inc MAUXF

hasn't been worse

[mjh9413]

They now owe over 300,000bbls (includes oil owing to Dec 31st and the potential of 13 to 27% losses when things restart) in undelivered oil; and pipeline 'losses' have doubled (no wonder the repairs are taking so long!!). OK MMT get cash for undelivered oil  but that is over a month's oil they 'owe' after losses. The way denominated oil works they might never have a cash crunch but to lose 6 day's oil delivery on the gross flowing bbls is just stupid. And it might not get much better with a Shell line...

[OT0911]

I agree that things are bad but things could be worse... I'd much prefer to see them get paid for undelivered oil than not have any cash flows whatsoever. I'd also like to believe that once repairs have been made, losses will be much less, at least initially. Mart production is also limited by pipeline capacity... If they can get a deal signed with shell and a tie-in built then they