Mart Resources, Inc.
TSX VENTURE : MMT

Mart Resources, Inc.

March 06, 2007 09:45 ET

Mart Resources, Inc. Announces Preliminary Results From the Umusadege-4 Well in Nigeria

CALGARY, ALBERTA--(CCNMatthews - March 6, 2007) - Further to its Press Release of 28 February 2007 regarding the Umu-4 well in Nigeria, Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart") and its partners Midwestern Oil and Gas Company PLC, Operator of the Umusadege Field, and Suntrust Oil Company Nigeria Limited, advise that the preliminary well evaluation has been completed.

As previously announced, the Umu-4 well was drilled to a total depth of 8,818 feet. A full suite of logs including reservoir fluid and pressure sampling has now been acquired. Light oil of 38-44 API was recovered from three good quality sandstone reservoirs, encountered between 7,730 feet and 8,276 feet. Although the oil pays encountered in each of these sand reservoirs were thin (combined net pay of 15 feet) they are believed to represent the edge of potentially much thicker oil pay to the south-east of Umu-4 where current seismic interpretation shows the structure to rise considerably at these depths.

Mart and its partners plan to acquire further well logs in the Umu-4 well which will assist them in planning a possible side-track from the 3,500-foot intermediate casing base of the Umu-4 well to a structurally higher location that should encounter much thicker pay in the oil-bearing sands. The side-track location will allow for a more representative well test and potential production well.

The Umusadege oil field is located in the central Niger Delta and was awarded to Midwestern as Operator and Suntrust under the Nigerian government's Marginal Field Allocation Program.

The Umu-4 well was drilled by Mart's majority owned NRG Drilling Rig 101.

Mart Resources Inc. is an independent oil & gas company focused on bringing African oil fields into production that are proven but have not yet been developed.

Certain statements in this News Release constitute forward-looking statements. 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.

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