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 CALGARY, ALBERTA--(Marketwired - Dec 3, 2014) - Mart Resources Inc. (TSX:MMT) ("Mart" or the "Company") and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator [...]
CALGARY, ALBERTA--(Marketwired - Nov 28, 2014) - 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 dividend payments in the form of cash or [...]
CALGARY, ALBERTA--(Marketwired - Nov 17, 2014) - 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 scheduled for November 19, 2014 [...]
CALGARY, ALBERTA--(Marketwired - Nov 14, 2014) - 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 operations update: THREE MONTHS ENDED [...]
CALGARY, ALBERTA--(Marketwired - Nov 13, 2014) - Umusadege field production averaged 9,698 barrels of oil per day ("bopd") during October 2014 based on calendar days; average field production based on production days was 13,092 bopd during October 2014. Umusadege field net deliveries into the export pipeline were approximately 298,185 barrels of [...]
- 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 well intended to appraise the east prospect on [...]
CALGARY, ALBERTA--(Marketwired - Oct 21, 2014) - 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 Limited ("SPDC"), Total E&P Nigeria [...]
CALGARY, ALBERTA--(Marketwired - Oct 16, 2014) - Mart Resources Inc. (TSX:MMT) - Umusadege field production averaged 7,344 barrels of oil per day ("bopd") during September 2014 based on calendar days; average field production based on production days was 12,950 bopd during September 2014. Umusadege field net deliveries into the export pipeline [...]
- 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 pipeline. The commencement of [...]
CALGARY, ALBERTA--(Marketwired - Sep 11, 2014) - Mart Resources Inc. (TSX:MMT) Umusadege field production averaged 7,847 barrels of oil per day ("bopd") during August 2014 based on calendar days; average field production based on production days was 12,816 bopd during August 2014. Umusadege field net deliveries into the export pipeline were [...]
CALGARY, ALBERTA--(Marketwired - Aug 14, 2014) - 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 six months ended June 30, 2014 ("Q2 2014"): THREE MONTHS ENDED JUNE 30, 2014 Mart's share of average daily oil produced and [...]
CALGARY, ALBERTA--(Marketwired - Aug 13, 2014) - Mart Resources Inc. (TSX:MMT) - Umusadege field production averaged 7,439 barrels of oil per day ("bopd") during July 2014 based on calendar days; average field production based on production days was 11,958 bopd during July 2014. Umusadege field net deliveries into the export pipeline were [...]