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Re: Southern Gal post# 509

Monday, 07/15/2013 9:45:54 AM

Monday, July 15, 2013 9:45:54 AM

Post# of 591
Mart's portion of that would be about half, further reduced by 15% pipeline losses (probably 12-16%), so monthly revenues are closer to maybe $14 million, wouldn't you guess?

Mart's timelines have been seriously busted for awhile now, and they are basically dependent on partners and Agip for any increase in drilling activity and production. Of course the board was motivated enough to attend the AGM in the middle of a flood in Calgary since the annual management options awards required a vote.

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