Mart Commences Initial Production from the UMU-3 Well

Source: www.gulfoilandgas.com 7/24/2008, Location: Africa

Mart Resources and its partners Midwestern Oil and Gas Company PLC (Operator) and Suntrust Oil Company Nigeria Limited announced the commencement of initial oil production from the UMU-3 well located in the Umusadege field, onshore Nigeria. Since commencing production on July 22, 2008, the UMU-3 well has produced at an average of 1,000 barrels oil per day (bopd) into the Umusadege production facilities to complement production from the UMU-1 well.

Stabilized production rates from the UMU-3 well are expected to be achieved over the next month. With the addition of initial production from the UMU-3 well, total production from the Umusadege field has increased to approximately 3,200 bopd, with the UMU-1 well currently producing from individual zones for evaluation.


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