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- Clearing of the right of way for the Umugini pipeline, stringing, welding and field joint coating of the pipeline has been completed on approximately 17 kilometers of the 51 kilometer pipeline.…
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CALGARY, ALBERTA -- (Marketwired) -- 06/11/13 -- Mart Resources, Inc. (TSX VENTURE: MMT) -Mart Resources, Inc. ("Mart" or the "Company") and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited, are providing the following update on Umusadege field production…
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CALGARY, ALBERTA -- (Marketwired) -- 05/23/13 -- 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 months ended March 31, 2013 ("Q113"):THREE MONTHS ENDED MARCH 31, 2013FINANCIAL…
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- Umusadege field production averaged 4,148 barrels of oil per day ("bopd") during April 2013 based on calendar days; average field production based on production days was 10,864 bopd during April 2013. - Umusadege field net deliveries into the export pipeline were approximately 150,500 barrels of oil ("bbls") in April…
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CALGARY, ALBERTA -- (Marketwired) -- 04/24/13 -- 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 year and quarter ended December 31, 2012. The…
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CALGARY, ALBERTA -- (Marketwired) -- 04/23/13 -- 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), results of independent reserve evaluations and results of evaluation of prospective resources for the…
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- Umusadege field production and deliveries into the export pipeline resumed on April 17, 2013. - Maintenance and repairs on the export pipeline completed by the pipeline operator and pipeline operator returning to normal operations.…
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- Umusadege field production and deliveries into the export pipeline were shut down during all of March 2013. - 320,000 barrels of oil were nominated on behalf of the Umusadege field in March 2013 with payment to be received in mid-April.…
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- Mart has arranged a US $100 million secured term loan facility with Guaranty Trust Bank PLC to be available to fund field development activities on the Umusadege field and Mart--s ongoing working capital requirements. - Umusadege field production continues to be shut down due to maintenance being performed on…
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CALGARY, ALBERTA -- (Marketwire) -- 03/12/13 -- Mart Resources, Inc. (TSX VENTURE: MMT) ("Mart" or the "Company") is pleased to announce the declaration of a quarterly dividend of $0.05 per common share. The dividend is payable on April 9, 2013 to shareholders of record at the close of…