Mart Resources, Inc.
TSX VENTURE : MMT

Mart Resources, Inc.

May 05, 2009 08:45 ET

Mart Announces Production Update on UMU-5 Well

CALGARY, ALBERTA--(Marketwire - May 5, 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 testing of the UMU-5 well at the Umusadege field, onshore Nigeria.

As previously announced the UMU-5 well commenced initial production on April 14, 2009 from the IX sand and has been flowed through progressively increasing choke sizes as part of the extended test program approved by the Nigerian government. The well has produced over 50,000 barrels of clean, 45.6 API gravity oil at various stabilized production rates with a final stable test rate of 3,275 barrels of oil per day on a 32/64 choke at a stable flowing pressure of 612 PSI, 0% water and sand production and a gas/oil ratio of 120 standard feet of sweet gas per barrel. As part of the overall reservoir analysis, Mart and its partners are currently flowing the well at a stable rate of 2,475 barrels of oil per day on a 28/64 inch choke.

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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