Mart Resources Inc MAUXF

FirstEnergy presentation

[jd43xl]

Some points Wade made;

They will not be using the old pipeline unless the Shell line goes down, so production will be limited to the Umugini capacity.

The dividend will not be raised with higher production, and could actually be cut if they need the money for other uses, including drilling.

He did not mention the fact that royalties will be going up a lot with the higher level of production. That will cut into the netbacks

It is good to hear that the Umugini pipeline may start up this month, but no indication when full utilization will occur.

All things considered, a positive presentation. But really, nothing new whatsoever. I wouldn't be surprised to see a selloff today, as MMT always seems to do after one of Wade's "talks".

[jd43xl]

Looks like some childish people didn't like my post, and yet I was right.

[dakota22]

??????

[gibbonsj]

This post has been removed in accordance with Community Policy

[mjh9413]

Mart tell us every qtr that the royalties are an ascending scale but then there are offsets for marginal field operators and while they experienced about 14-15% recent qtrs the top rate is 18.5% (but again there might be offsets to final applicable royalty rate, and is also field age dependent, etc.,) In a nutshell is hardly significant particulalry IF they achieve the reduced loss allocation