Mart Resources, Inc.: Conference Call to Be Held August 16, 2013 to Discuss Operational and Financial Results for the Quarter Ended June 30, 2013
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CALGARY, ALBERTA -- (Marketwired) -- 08/16/13 -- Mart Resources, Inc. (TSX VENTURE: 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 June 30, 2013. The conference call…
Mart Announces Financial and Operating Results for the Six Months Ended June 30, 2013
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CALGARY, ALBERTA -- (Marketwired) -- 08/15/13 -- Mart Resources, Inc. (TSX VENTURE: MMT) ("Mart" or the "Company") is pleased to announce its financial and operating results (all amounts in United States dollars unless noted) for the three and six months ended June 30, 2013 ("Q2 2013"):THREE MONTHS ENDED…
Mart Resources, Inc.: Spudding of UMU-11 Well
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- The UMU-11 well commenced drilling operations on August 14, 2013 and is currently at a depth of 1,100 feet. - The main objectives for UMU-11 are to appraise and produce proven oil reservoirs encountered, but not completed, in the UMU-9 and UMU-10 wells.…
Mart Resources, Inc.: Operations and Production Update
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- Umusadege field production averaged 10,800 barrels of oil per day ("bopd") during July 2013 based on calendar days; average field production based on production days was 13,200 bopd during July 2013, which is the highest average daily production rate for a calendar month based on production days realized from…
Mart Resources, Inc.: Mart Updates UMU-11 Well Operations
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- The UMU-11 well has been delayed due to technical difficulties and is expected to spud in early August 2013. - The main objectives for UMU-11 include the further appraisal and development of proven oil reservoirs encountered, but not completed, in the UMU-9 and UMU-10 wells.…
Mart Resources, Inc.: June 2013 Production Update
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- Umusadege field production averaged 10,700 barrels of oil per day ("bopd") during June 2013 based on calendar days; average field production based on production days was 12,500 bopd during June 2013. - Umusadege field net deliveries into the export pipeline were approximately 305,100 barrels of oil ("bbls") in June…
Mart Resources, Inc.: New Central Production Facility Commissioned and Operational at Umusadege
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- New Central Production Facility ("CPF") commissioned on July 8, 2013 at the Umusadege field and fully operational. - New CPF has a design capacity of 35,000 barrels per day, which is expected to be sufficient to handle the full field capacity anticipated from the existing reserves, as well as…
Mart Updates Expected Spud Date of UMU-11 Well; Correction of Previously Announced Dividend Ex-Dividend Date
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- The UMU-11 well is expected to spud in July 2013 once additional drill slot preparations on the existing pad are completed. - The main objectives for UMU-11 include the further appraisal and development of proven oil reservoirs encountered, but not completed, in the UMU-9 and UMU-10 wells.…
Mart Announces $0.05 Per Common Share Dividend and Finalization of US$100 Million Secured Term Loan Facility
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- Mart announces declaration of a quarterly dividend of $0.05 per common share. The dividend is payable on July 18, 2013 to shareholders of record at the close of business on July 10, 2013. The ex-dividend date is July 16, 2013. - Mart has satisfied drawdown conditions in respect of…
Mart Resources, Inc. Confirms Date and Time of 2013 Annual General and Special Meeting
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CALGARY, ALBERTA -- (Marketwired) -- 06/25/13 -- Mart Resources, Inc. (TSX VENTURE: MMT) ("Mart" or the "Company") wishes to confirm the details for the Company--s Annual General and Special meeting.Mart--s Annual General and Special Meeting of shareholders ("AGM") will be held on Thursday, June 27, 2013 at 3:00…