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 an update on Umusadege drilling operations.

UMU-11 Well Update

The UMU-11 well is planned to spud in the third slot of the UMU-9 drilling pad. As previously announced, there were problems cleaning out the 20-inch conductor. Retrieval and milling operations were attempted to utilize this drill slot, but were unsuccessful.

The rig was skidded forward to a new slot on the drilling pad. After pounding the 20-inch conductor to approximately 400 feet an attempt was made to clean out the conductor with a drill bit, but an obstruction was encountered. It was discovered that the casing parted during the pile driving operations. The rig has now been skidded ahead again, and delivery of new 20-inch conductor pipe is expected in the next few days. Once the new conductor pipe is on site, it will be pile driven to a depth of approximately 400 to 500 feet, cleaned out, and drilling operations are expected to commence in early August.

Tags: Mart Resources