Mart Releases Initial Results of Well Test at Umusadege Field

Umusadege Field
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Mart Resources Inc. and its partners Midwestern Oil and Gas Company PLC (operator) and Suntrust Oil Company Nigeria Limited announced results of the initial cleanup flow rates from the UMU-N2 well located in the Umusadege field, onshore Nigeria.

The UMU-N2 well flowed at a rate of 1,646 barrels of oil per day on a 28/64 inch choke. Flowing tubing pressure was 2453 psig with an average gas rate of 6.2 million standard cubic feet per day. The well then flowed on a 24/64 inch choke at a stabilized rate of 1,010 barrels oil per day and a flowing tubing pressure of 2730 psig. The gas/oil ratio was 5620 scf/bbl for an average gas rate of 5.7 million standard cubic feet per day. The gas/oil ratio increased to an average of 5620 scf/bbl over the 27.5 hour flow period. The oil produced was 39.2 degree API gravity and no water or sand was produced.

The well has been temporarily shut in and samples of the produced oil have been sent for analysis in Aberdeen UK as per requirements for entry into the nearby pipeline system. The Company will provide further updates in due course. The UMU-N2 well test is from a deeper oil zone than the UMU-1 well test completed in July 2007.

Operations to complete UMU-1 as a dual zone producer will commence later this week.


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