Mart Resources, Inc. and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited are pleased to provide the following updates on Umusadege field drilling and flow testing operations.

UMU-12 Initial Well Flow Test Results

The UMU-12 horizontal well was recently completed with a 1,200 foot horizontal section in the VIII sand. The well was flowed back for clean-up and testing on various choke sizes for 80 hours, yielding a final test averaging 5,366 bopd on a 44/64 inch choke at a surface flowing pressure of 230 psi over a six hour period. The API gravity of the oil is 26.4 degrees, with no sand, bottom sediment, or water production.

Tags: Mart Resources