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 business on March 22, 2013. The ex-dividend date is March 20 [...]
-- From the three sands tested to date, the UMU-10 well has produced at a combined rate of 5,019 barrels of oil per day ("bopd") from the XXI, XVIIa, and XVIIb oil sands, and 609 barrels of condensate per day from the XVIIIa gas/condensate sand.
- 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 2013 before pipeline [...]
CALGARY, ALBERTA -- (Marketwire) -- 03/01/13 -- Mart Resources, Inc. (TSX VENTURE: MMT)
-- Testing of the UMU-10 well has been successfully completed on three sands and oil has flowed to surface and testing has been concluded. The Company will release updated results once the review and evaluation of the test data is completed [...]
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 50® are the top 10 companies listed on the TSX Venture [...]
Mart Resources and its co-venturers, Midwestern Oil and Gas Company and SunTrust Oil Company Limited (together "the Co-venturers") are pleased to announce initial flow rate test results for the UMU-10 well and an update on Umusadege field production for the month of December 2012 and the first week of January 2013.
- 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. CALGARY ...
Mart Resources 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 and drilling operations.
CALGARY, ALBERTA -- (Marketwire - Nov. 26, 2012) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2012 ("Q312") (all ...
- Umusadege field production averaged 10,217 barrels of oil per day ("bopd") during October 2012; average field production based on production days was 12,669 bopd during October 2012. - Umusadege field net deliveries into the export pipeline were ...
Mart Resources and its co-venturers, Midwestern Oil and Gas Company and SunTrust Oil Company Limited are pleased to provide an update on the UMU-10 well at the Umusadege field in Nigeria. As previously announced, the UMU-10 well has reached a final total drilling depth of approximately 9,757 feet. UMU-10 is an appraisal well targeting the sands [...]
Mart Resources and its co-venturers, Midwestern Oil and Gas Company Plc. and SunTrust Oil Company Limited are pleased to provide an update on Umusadege field production and drilling operations for the months of August and September 2012.