John MMT Mart Resources Expecting a run on progress and the divy anouncement any day.
The info on this piece just out summarizes the reason I added substantially a couple weeks ago.
Posted by Ace on Mark IV
From SA Advisory newsletter
I respect these guys and actually got Mart from them:
3.Mauxf~www.martresources.com
403-270-1841
Mart Resources, inc. is an international upstream oil and gas company, engaged in the exploration, development and production of oil and gas in Nigeria. The company holds interest in the Umusadege oil field. Mart owns roughly 11k bod, but because of thieves only averages around 8.5 bod. This is about to change because MAUXF is in the final stages of completing a new and much more secure pipeline that can handle up to 40k bod. We understand that MAUXF has some 35k bod behind the pipe.
Recently, MAUXF announced that the company had been granted an increase to their bank line from $100 million to $175 million!. The company is believed to be in the position to bid on additional "marginal" fields, which of course enable Mart to grow even faster.
Please visit their website and review the current presentation and current press releases. During March we will be notified of the next .05 quarterly div ( almost 2 years of div), should get Dec 31st 2013 year end numbers and by April we should see their reserve reports.
We believe that if you wait for the announcement that the pipeline is complete that you will pay double the current price. We also believe that once MAUXF is hooked up to their new and secure pipe that a more aggressive drilling program will be initiated.
We believe that production could be ramped up dramatically as soon as the line becomes operational. We have the new line completed, potentially 35k bod flowing thru the line, acquisition of additional acreage, additional stock listing and continual payment of quarterly div of .05 all could suddenly yield a stock price of $3.00-$4.00 a far cry from current depressed levels.br>
It is easy to see why we have rated MAUXF with a strong buy rating and rate it as one of our top 5 stocks to own.
Ace
