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MAUXF - You would think the Nigerian government would get involved when there is 18% pipeline loss.
Who do you think is likely responsible? It's probably how they are getting the money to pay the rebels to "protect the pipelines"!!
How could we average below bonny? I thought we got a decent premium?? And agreed...what's with the production costs??
Do you consider that earnings report good? Less than a penny? At least they declared the next divvy.
Good post from Crucible on IV
Financials out.
Q2 was a disappointment.
.01/sh. Confluence of events.
Cost oil at 50% (vs 82.5% in Q1) due to no drilling in Q2. Underlift (oil produced/delivered but not paid) in Q1 rolled over into Q2. Q1 oil as originally priced at $124. Actual price when paid in June was $96, so $11MM deduct. Line losses up - 18% (MMT thinks could be anamolous and is requesting backup as it was 8% in Q1 and back down to 10% in July).
So, lower cost oil recovery, lower oil prices, higher line losses, and deficit oil adjustment all conspired to drop earnings qoq.
Q3 should be better with rising oil prices/higher production/lower line losses. Cost oil will remain at ~50% as they have deferred cost oil recovery on U10 for 90 days (a concession to the partners to keep the rig drilling - need cash for more immediate things it seems).
MMT/MAUXF earnings today; looks like after hours. Good luck!!
http://biz.yahoo.com/research/earncal/20120827.html?t=mmt.v
Earnings today; looks like after hours. Good luck!!
http://biz.yahoo.com/research/earncal/20120827.html?t=mmt.v
I would expect us to rise from $2-$3 in 2013 if we start adding reserves on the step-outs, complete a horizontal, and give guidance for Shell pipeline in-service date close to year end. No guarantees though
If all that happens and we are pumping 40-50K, I would fully expect us to be at $5 or higher.
Sounds good to me. Have a great weekend!!
Do we even get the news this week, or are they going to bundle it with the quarterly report?
Need to change the timing??
Thanks. And will we be happy with the results?
So news Monday?
Great. Thanks!
Still expecting a PR this week?
me say big pay day come october/november
like .50 per share? Higher? Lower?
News next week?
Now $1.49 x $1.53
Around the same time as the divvy payout...that would be a nice double-whammy!
and when do you think we get that?
Thanks
and what a sh!tty day after what I thought was a great report:
http://finance.yahoo.com/news/kodiak-oil-gas-corp-announces-120000585.html
Martguy is just informally keeping you up to date on where they are at.
Which I truly appreciate!
Should we expect any announcement from the company on that?
Sorry, I know you're trying to be brief, but a few more words wouldn't kill you, would they?? What commences, UMU-10?
Im so sick of MAUXF going up. DOH just kidding
That's good, cause otherwise this will be a very painful year for you!
MMT/MAUXF announces .10 one time and .05 quarterly dividend!
http://finance.yahoo.com/news/mart-announces-0-10-per-120000490.html
MMT/MAUXF announces .10 one time and .05 quarterly dividend!
http://finance.yahoo.com/news/mart-announces-0-10-per-120000490.html
MMT/MAUXF webcast info for tomorrow's AGM:
http://finance.yahoo.com/news/mart-announces-webcast-details-annual-160750707.html
Something up with MAUXF today?
News on the way after hours?
Primarily a Nigerian one where he had connections!
About 1.8M on MMT.V
Thanks. All right then, who is John Galt?
Ummm, who's Hank?
Chen Lin, What Is Chen Buying? (6/21/12) "Mart Resources Inc. should be very close to paying a nice dividend; the management mentioned it many times in the conferences and I believe they are sincere. . .I believe once management sorts the steps and legal documents out, dividends are coming; Mart is still trading at about two times after cash earnings; as a ultra-low cost producer, even if oil price drops to $40–50 (WTI), it can still afford to pay for the dividend. In addition, Mart just signed the pipeline deal with Shell; this will allow Mart to double production next year when it is built and increase potential dividends again.
This is a huge step and great news for MMT/MAUXF
Agreement for Alternative Export Pipeline for Umusadege Field
http://finance.yahoo.com/news/agreement-alternative-export-pipeline-umusadege-123000976.html
We don't need to guess. In NY a few months ago Wade said we were banking ~$15M per month.
Montly update. Not much new.
http://finance.yahoo.com/news/mart-resources-inc-may-2012-123000550.html