As previously announced the Umusadege oil field is located in the central Niger Delta and was awarded to Midwestern as Operator and Suntrust under the Nigerian government's Marginal Field Allocation Program. Three wells were drilled and cased in the field between 1974 and 1980. The N2 well was production tested at a combined rate of 2,654 barrels of oil per day.
The Umu-4 well is being drilled by Mart's majority-owned NRG Drilling Rig 101.
Mart does not plan to issue any further announcements regarding operations on the Umu-4 well until after the well has reached TD and wireline logs have been run, unless required pursuant to TSX rules.
Mart Resources Inc. is an independent oil & gas company focused on bringing African oil fields into production that are proven but have not yet been developed.
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