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Re: Stream205 post# 13658

Friday, 10/11/2013 3:53:57 PM

Friday, October 11, 2013 3:53:57 PM

Post# of 17738
MMT.V

Of course you didn't lose money. Glad you set the record straight.

The closing of the Shell TNP pipeline does not impact Mart's current production or future production since that pipeline is not being used by Mart now or in the future.

Local companies (Midwestern and Sun Trust) own the concession that Mart is working. Nigeria is not confiscating developed concessions from their own local companies. The exact opposite is true as they are trying to encourage local companies to own and develop the concessions. To suggest that Mart owns 50% interest and is in danger of losing it based on unnamed news reports is wrong and misleading.

Mart will continue to work this concession based on their service agreement with the local companies. To suggest that Mart owns 50% working interest in the concession and that it is in danger is simply wrong and misleading. I am surprised you learned so little in owning Mart for two years.

JFF7

It's better to be out wishing you were in than in wishing you were out.

"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes

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