Oct. 21, 2014, 11:59 AM
- Royal Dutch Shell (RDS.A, RDS.B) says it has signed agreements to sell all the Nigerian oil assets it put up for sale last year, as it continues to reduce its exposure to the area amid violence and rampant oil theft.
- Shell says that, together with its partners Total (NYSE:TOT) and Eni (NYSE:E), it signed an agreement to sell OML 18 to a consortium led by Canadian oil and gas company Mart Resources (OTCPK:MAUXF); it has now made sale and purchase agreements for four oil blocks, and made an agreement for the Nembe Creek Trunk Line pipeline.
- Shell also reportedly has agreed to sell another productive Nigerian oil block, Oil Mining License 29, and an associated pipeline, to a local consortium.
Jun. 30, 2014, 9:11 AM
- Mart Resources (MAUXF) declares $0.015/share quarterly dividend.
- Forward yield 4.44%
- Payable July 28; for shareholders of record July 18; ex-div July 16.
Mar. 24, 2014, 9:00 AM
- Mart Resources (MAUXF) declares $0.05/share quarterly dividend.
- Forward yield 14.39%
- Payable April 8; for shareholders of record March 31; ex-div March 27.
Jan. 31, 2012, 10:17 AM
Oil producer Mart Resources (MAUXF.PK), which had doubled in the past couple of months, is down over 20% in early trading on news that a third of its production was shut in for the month of December. Additionally, Mart shareholders get a nasty surprise about "pipeline losses," which apparently are a risk to consider when investing in Nigerian oil producers. (submitted by Devon Shire)| Jan. 31, 2012, 10:17 AM