- Umusadege field production averaged 8,293 barrels of oil per day ("bopd") during September 2013 based on calendar days; average field production based on production days was 11,674 bopd during September 2013. - Umusadege field net deliveries into the export pipeline were approximately 261,200 barrels of oil ("bbls") in [...]
- The UMU-11 well reached the target total depth of 8,910 feet on September 27, 2013. Logging and formation evaluation will proceed, followed by completion and testing operations. - Mart and its co-venturers are working with the Nigerian Department of Petroleum Resources and Nigerian Agip Oil Company ("Agip") to reconcile the rate and [...]
- Umusadege field production averaged 9,235 barrels of oil per day ("bopd") during August 2013 based on calendar days; average field production based on production days was 12,085 bopd during August 2013. - Umusadege field net deliveries into the export pipeline were approximately 293,600 barrels of oil ("bbls") in August 2013 [...]
CALGARY, ALBERTA--(Marketwired - Sep 4, 2013) - 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 October 2, 2013 to shareholders of record at the close of business on September 18, 2013. The ex-dividend date is [...]
CALGARY, ALBERTA--(Marketwired - Aug 20, 2013) - Mart Resources Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") announces that it has granted an aggregate of 8,575,000 stock options, of which 6,250,000 options were granted to directors or officers of Mart. Each option represents the right to purchase one common share of the Company at an exercise [...]
CALGARY, ALBERTA--(Marketwired - Aug 16, 2013) - 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 is scheduled for August 16 [...]
CALGARY, ALBERTA--(Marketwired - Aug 15, 2013) - 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 JUNE 30, 2013 Mart's share of average daily [...]
- 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. CALGARY, ALBERTA--(Marketwired - Aug 15, 2013) - Mart Resources Inc. (TSX VENTURE:MMT [...]
- 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 the Umusadege field [...]
- 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. CALGARY, ALBERTA--(Marketwired - Aug 2, 2013) - [...]
- 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 2013 before [...]
- 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 the potential for production from [...]