Mart Resources, Inc.: UMU-10 Well Testing Update and Umusadege Operational Update
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CALGARY, ALBERTA -- (Marketwire) -- 03/11/13 --Mart Resources, Inc. (TSX VENTURE: MMT) ("Mart" or the "Company") and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited (together "the Co-venturers") are pleased to announce additional flow rate test results for the UMU-10…
Mart Resources, Inc.: February 2013 Production Update
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- Umusadege field production averaged 6,458 barrels of oil per day ("bopd") during February 2013 based on calendar days; average field production based on production days was 12,740 bopd during February 2013. - Umusadege field net deliveries into the export pipeline were approximately 181,000 barrels of oil ("bbls") in February…
Mart Resources, Inc.: UMU-10 Well Update and December 2012 and January 2013 Operational Update
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CALGARY, ALBERTA -- (Marketwire) -- 03/01/13 -- Mart Resources, Inc. (TSX VENTURE: MMT)Mart Resources, Inc. (TSX VENTURE: MMT) ("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 pleased to announce additional initial flow…
Mart Resources Ranked in TSX Venture 50 Again in 2013
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CALGARY, ALBERTA -- (Marketwire) -- 02/19/13 -- Mart Resources, Inc. (TSX VENTURE: MMT) ("Mart" or the "Company") is pleased to announce that it has been recognized for the third consecutive year by the TSX Venture Exchange as one of the TSX Venture 50® companies in 2013.The TSX Venture…
Mart Resources, Inc.: UMU-10 Well Update- Initial Flow Test Results
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- 1,943 barrels of oil per day ("bopd") stabilized flow rate achieved during clean up from the XXI sand on a reduced 28/64 choke. - Four more tests remain to be done on sands perforated and completed in the UMU-10 well.…
Mart Resources, Inc.: Pipeline Disruptions Resolved and Production from Umusadege Field Resumes
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- Umusadege field production and deliveries into the export pipeline resumed on December 21, 2012. - Factors affecting the export pipeline and export terminal that caused temporary shutdown of Umusadege field production have been resolved.…
Mart Resources, Inc.: November 2012 Operational Update and December Production Disruptions
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- Umusadege field production and deliveries into the export pipeline were shut down during November and December 2012. - Flooding and other factors affecting the export pipeline and export terminal cause temporary shutdown of Umusadege field production.…
Mart Announces Financial and Operating Results for the Three and Six Months Ended June 30, 2012 and Declaration of Dividend
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CALGARY, ALBERTA -- (Marketwire) -- 08/29/12 -- Mart Resources, Inc. (TSX VENTURE: MMT) ("Mart" or the "Company") is pleased to announce its financial and operating results for the three and six months ended June 30, 2012 ("Q212") (all amounts in Canadian dollars unless noted):FINANCIAL AND OPERATING RESULTSThe following…