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Bobwins

06/19/13 4:10 PM

#13214 RE: gold80302 #13213

Mart is also my biggest position. I have found that Wade is overly optimistic with his timeframes. So my guess is early 2014 before the pipeline is actually shipping commercial quantities of oil.

Latest company statement talked about late 2013 so I'm using the wade fudge factor to move it to a more realistic early 2014. If I'm wrong, it will still be all good. I am guessing the pipeline uncertainty is why Mart has been so slow in drilling. If they really had a chance of finishing by August or September, they would be drilling like crazy. I think they are taking their time because drilling is very expensive and especially if you spend all that money and then can't produce. When I see the drilling accelerating, I will believe that the pipeline is getting close.