- The UMU-11 well is expected to spud in July 2013 once additional drill slot preparations on the existing pad are completed.- 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) -- 06/27/13 -- Mart [...]
- Mart announces declaration of a quarterly dividend of $0.05 per common share. The dividend is payable on July 18, 2013 to shareholders of record at the close of business on July 10, 2013. The ex-dividend date is July 16, 2013.- Mart has satisfied drawdown conditions in respect of a US$100 million secured term loan facility with Guaranty Trust [...]
CALGARY, ALBERTA -- (Marketwired) -- 06/25/13 -- Mart Resources, Inc. (TSX VENTURE: MMT) ("Mart" or the "Company") wishes to confirm the details for the Company's Annual General and Special meeting.
Mart's Annual General and Special Meeting of shareholders ("AGM") will be held on Thursday, June 27, 2013 at 3:00 PM (MST) at the Calgary Petroleum [...]
- 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.CALGARY, ALBERTA -- (Marketwired) -- 06/20/13 -- Mart Resources, Inc. (TSX VENTURE: MMT) ("Mart" or the "Company") and its co-venturers, Midwestern Oil [...]
CALGARY, ALBERTA -- (Marketwired) -- 06/11/13 -- Mart Resources, Inc. (TSX VENTURE: MMT) -
-- Umusadege field production averaged 10,600 barrels of oil per day ("bopd") during May 2013 based on calendar days; average field production based on production days was 12,500 bopd during May 2013.
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"):
- 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 2013 before pipeline [...]
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 conference call is scheduled [...]
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 year ended December [...]
- 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.CALGARY, ALBERTA -- (Marketwired) -- 04/18/13 -- Mart Resources, Inc. (TSX VENTURE: MMT) ("Mart" or the "Company [...]
- 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.CALGARY, ALBERTA -- (Marketwired) -- 04/15/13 -- Mart Resources, Inc. (TSX VENTURE: MMT) ("Mart" or the [...]
- 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 the export pipeline by the pipeline [...]