Mart Resources (OTCPK:MAUXF),(MMT.V) recently reported positive operating results, an aggressive $0.05 per share quarterly dividend, and increased visibility on the operational environment in Nigeria. Despite what some see as a questionable geopolitical environment, Nigeria remains the largest oil and gas reserve in sub-Saharan Africa, as well as one of the highest quality sources of oil available. While it is appropriate for investors to be mindful of reported production losses in the region, this should not override the opportunity that Nigeria represents. The aggressive dividend goes a long way to mitigating risk in the region, and with significant upside potential, understanding the Nigerian question is worth the effort.
In early September, Mart issued an...
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