Mart Resources: Combined Test Rate From UMU-8 Well 7,661 Barrels Oil Per Day

Mart Resources, Inc. (TSXV:MMT) and its co-venturers, Midwestern Oil and Gas Company Plc. and Suntrust Oil Company Limited provided operational update on the Umusadege field, onshore Nigeria.

As quoted in the press release:

September 2011 Production Update

Crude oil deliveries into the export pipeline from the Umusadege field through the month of September 2011 averaged 7,076 bopd. Aggregate Umusadege field downtime over this period was approximately 2.38 days due primarily to shutdown of third party export pipelines. Negotiations with the operator of the export pipeline to increase capacity are ongoing.

The UMU-9 well drilling location has been completed and the Company is preparing to move the NRG 201 rig to the site. Flow lines from the UMU-9 well head location to the manifold are nearing completion. It is anticipated that the rig will commence mobilization by mid-October.

Click here to read the Mart Resources, Inc. (TSXV:MMT) press release