Mart Resources, Inc.
TSX VENTURE : MMT

Mart Resources, Inc.

May 08, 2009 09:00 ET

Mart Announces Production Update for the Umusadege Field

CALGARY, ALBERTA--(Marketwire - May 8, 2009) - Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") and its partners, Midwestern Oil & Gas Company PLC (Operator) and Suntrust Oil Company Nigeria Limited are pleased to provide the following update regarding production from the Umusadege field, onshore Nigeria.

The combined production from the two producing wells at the Umusadege field is 4,280 barrels of oil per day. The UMU-1 well is producing approximately 1,818 barrels of oil per day from the XIIb zone and the UMU-5 well is producing 2,462 barrels of oil per day from the IX zone.

Mart and its partners are advancing to the final completion and commissioning of permanent production facilities, following which it is anticipated that production from the wells will be optimized.

About Mart Resources:

Mart Resources Inc. is an independent, international petroleum company focused on drilling, developing and producing oil and gas from low-risk proven petroleum properties in Africa. The Company owns two drilling rigs, has strong local relationships and has formed joint venture partnerships with indigenous operators in Nigeria. Mart has acquired interests in and begun development of three onshore Nigerian oil fields.

All references to production levels contained in this press release are to total field production rates. A detailed description of Mart's ownership interest in the Umusadege Field in contained in the Company's Management's Discussion and Analysis filed on SEDAR at www.sedar.com.

Certain statements in this Press Release constitute forward-looking statements under applicable securities legislation. Such forward-looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Forward-looking statements in this press release include but are not limited to references, whether express or implied, to future production levels based upon levels of current production. Historic production levels and cash flows are not necessarily indicative of future production levels or cash flows. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels and timing of activity and achievements to differ materially from those expressed or implied by such information.


Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

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