Mart Announces UMU-8 Well Initial Test Results

Mart Resources, Inc. (TSXV:MMT) and its co-venturers, Midwestern Oil and Gas Company Plc., SunTrust Oil Company Limited, provided the initial test results from the UMU-8 well and updated on production in the Umusadege field.

The press release is quoted as saying:

The first extended test on the UMU-8 well was conducted on the XV sand, an 11 foot oil zone, which flowed at a stabilized rate of 4,205 barrels oil per day (“bopd”) of 44 API gravity oil through 3 1/2 inch tubing on a 28/64 inch choke at a flowing tubing pressure of 140 psi. Basic sediment and water (BS&W) was 0% with gas/oil ratio of approximately 175.9 standard cubic feet per barrel.
The second extended test on the UMU-8 well was conducted on the X11(a) sand, a 39 foot oil zone, which flowed at a stabilized rate of 1,140 bopd of 36 API gravity oil through 3 1/2 inch tubing on a 24/64 inch choke at a flowing tubing pressure of 90 psi. Basic sediment and water (BS&W) was 0% with gas/oil ratio of approximately 25 standard cubic feet per barrel.

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