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- The UMU-13 well discovers hydrocarbons in a separate seismically defined structure that is located east of the existing producing area of the Umusadege field. The well was drilled to a total depth of 9,300 feet. - Preliminary evaluations based on open-hole well logging, pressures and drilling data indicate that…
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Oil flow has commenced through the 51-kilometer Umugini pipeline and into the Trans Forcados crude oil export pipeline system that connects to the Forcados oil export terminal…
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CALGARY, ALBERTA -- (Marketwired) -- 11/28/14 -- Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company") announces that it has recently adopted a Dividend Reinvestment Plan ("DRIP") in addition to the Share Dividend Plan ("SDP") adopted in June 2014. The DRIP provides shareholders with the ability to receive…
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CALGARY, ALBERTA -- (Marketwired) -- 11/17/14 -- Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company") is pleased to announce the following conference call presentation:Mart will hold a conference call to discuss the operational and financial results for the quarter ended September 30, 2014. The conference call is…
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CALGARY, ALBERTA -- (Marketwired) -- 11/14/14 -- Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company") is pleased to announce its financial and operating results (all amounts in United States dollars unless noted) for the nine months ended September 30, 2014 ("Q3 2014"), including the Company--s outlook and…
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CALGARY, ALBERTA -- (Marketwired) -- 11/13/14 --Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company") and its co-venturers, Midwestern Oil and Gas Company Limited ("Midwestern", Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for October 2014 and other operations.October…
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- Clean-up and initial flow testing of the UMU-12 well is complete, yielding 5,366 barrels of oil per day ("bopd") during a six hour test period. - The drilling rig has been moved to the UMU-13 well location. Drilling operations will commence shortly on the UMU-13 well, a vertical exploration…
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CALGARY, ALBERTA -- (Marketwired) -- 10/21/14 -- Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company") is pleased to announce that it is a member of a consortium (the "Consortium") that has entered into an assignment agreement (the "Assignment Agreement") with The Shell Petroleum Development Company of Nigeria…
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CALGARY, ALBERTA -- (Marketwired) -- 10/16/14 -- Mart Resources, Inc. (TSX: MMT) -Mart Resources, Inc. ("Mart" or the "Company") and its co-venturers, Midwestern Oil and Gas Company Limited ("Midwestern", Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production…
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- The 51-kilometer Umugini pipeline tie-in at the Eriemu flow station and other start-up activities including the pumping of line fill and the inspection of the Umugini pipeline facilities has been completed. Accordingly, the Umugini pipeline is ready for injection of crude oil into the Trans Forcados crude oil export…