Mart Resources Inc MAUXF

HAPPY NEW YEAR

[hangemhigh4]

Next week we should get production update. Some complain that its to bad that oil was not $100 per barrel now with higher production but Mart is setting themselves up so that when oil does go back up they will have doubled production or more. Mart is strong enough to weather this storm so that's what matters at this point. As they are here for the long term. As I stated before when Mart started their business oil was in this price range so they have been there before. Try to be positive. Be glad they are pumping oil and have revenues coming in. glta

[freedom-1970]

We have 79 million plus due this year in loans ?  This is one concern I have with these oil prices, any thoughts? I mean Mart can not have any worse luck then to open our new line with oil getting whacked so low. To me Oml 18 has made our balance sheet debt heavy and if oil prices dropped  a year ago i wonder if Wade would have still made the deal? Just saying without OML 18'

[mjh9413]

the $70MM is $17MM or so/qtr which shud be manageable even at half of last qtr's aver price/bbl if paid output (after losses) increases to 16,000 bopd and not forgetting these borrowing commitments include all of MMT's costs for that new field (also refundable if not proceeding). You might as well throw in fact they also have $15MM drill commitments for 2015 but then they have cash and