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Mart Resources Inc T.MMT

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  MAUXF

Mart Resources Inc is an oil & gas exploration and development company.
Price: $1.13 | Change: $-0.01 | %Change: -0.88%
Volume: 257,821 | Day High/Low: 1.18/1.12 | 52 Week High/Low: 1.80/0.86
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0 stars

"OML 18 has reserves of 1.5 billion boe, although most of...

this is gas..."  Txs for posting that. It is in other reports too. eom  rate and reply
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:OML 18 SPV partners

Then the $13million Mart paid for the 10% makes no sense  rate and reply
0 stars

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:OML 18 SPV partners

Macluver calculation is how I see it as well.  rate and reply
3.5 stars

RE:RE:RE:RE:RE:RE:RE:RE:RE:OML 18 SPV partners

Again not quite. The whole consortium has 45% of OML18 with Mart telling us that their ownership percentage in the consortium gives them an indirect ownership of 10% of OML18. This leaves 35% (45 - 10...read more
5 stars

The Saudis cut production...

Saudis cut production http://www.zerohedge.com/news/2014-10-23/saudi-arabia-surprises-market-supply-cut-announcement-oil-jumps I guess they figured out China was getting their oil on the cheap...read more
3.5 stars

RE:RE:RE:RE:RE:RE:RE:RE:OML 18 SPV partners

How I came up with that number is, if Mart and its consortium bought 45% of OML-18, and Mart will own 10% of the total Block, you divide 10% total flied ownership by 45% Mart consortium =.222222 or 22...read more
5 stars

RE:RE:RE:RE:RE:RE:RE:OML 18 SPV partners

How do you come up with 22.22% of the Consortium? I agree with 10% for the entire OML18 btw.  rate and reply
5 stars

RE:RE:RE:RE:RE:RE:RE:OML 18 SPV partners

That is what I came up with too.  rate and reply
4.5 stars

Amin + Chen

The Energy Report Amin Haque, Industrial Alliance Securities (10/16/14) "While Mart Resources Inc.'s production downtime and pipeline losses in September were not out of line compared to other...read more
3 stars

RE:Not sure if this has been posted.

* Shell (30 pct), Total (10 pct), Eni (5 pct) selling stakes * Bids due from shortlisted suitors on Feb. 18 * Blocks produced avg 90,000 bpd of oil in 2012 - document * Glencore, Mercuria in...read more
1.5 stars

Not sure if this has been posted.

Found this article. It does not mention Mart, but has some relevant background relating to OML 18. http://gold.globeinvestor.com/servlet/ArticleNews/story/TRINA/20140212/2014-02-12T161349Z_271338103...read more
3.5 stars

RE:RE:RE:RE:RE:RE:OML 18 SPV partners

Not quite right. Mart holds a 22.22% ownership of the consortium which gives them an indirect 10% share of OML18. The remaining 77.78% of the consortium (Western, Sun, et al) has an indirect...read more
3 stars

RE:RE:RE:RE:RE:RE:RE:OML 18 SPV partners

Now that I cannot agree with as MMT and its partners (midwest, whatever) for one thing are just 50% of the Consortium! That much is clear. And the other 50% of the consortium is I believe Notore, a...read more
2.5 stars

RE:RE:RE:RE:RE:RE:OML 18 SPV partners

When you think of it, it has a nice 50/50 ring to it. Just like Umusadege once development expenses have been clawed back. Seems to me we have pretty much the exact same type of agreement @ OML-18 as...read more
3 stars

RE:RE:RE:RE:RE:OML 18 SPV partners

Then Mart's % in the 45% Consortium would be 10% / 45% = .222222222 or 22.22% leaving the remaining 22.78% of Consortium % for Western & Sun, making their % stakes a tad larger. Do I understand that...read more
4 stars

RE:RE:RE:RE:OML 18 SPV partners

10% of the entire OML18 not 10% of the Consortium  rate and reply
0 stars

RE:Meanwhile China is buying up all the cheap oil

Ok I'll go along with that (for now) eom  rate and reply
3.5 stars

Meanwhile China is buying up all the cheap oil

Amazing.  With a record number of super tankers moving oil to China...one has to wonder if they knew about the price collapse in advance.   http://www.zerohedge.com/news/2014-10-22/meanwhile-who...read more
3.5 stars

RE:RE:RE:RE:RE:OML 18 SPV partners

Agree totally. Mart has an indirect 10% interest in OML 18 - not 10% of the 45%. Its percentage ownership of the Consortium is such that it works out to owning 10% of OML18. The NR says "Mart will...read more
1.5 stars

RE:RE:RE:RE:OML 18 SPV partners

I think you are confused.  I read it that they are paying 10% of the total price for a 10% working interest.  The consortium will own 45% and the other party 55%.  They did not say what percentage of...read more

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