27 Oct 2014 08:00 ET
Marketwire Canada Mart Resources, Inc. (TSX:MMT) ("Mart" or the "Company") and its co-venturers, Midwestern Oil and Gas Company Plc. (Operator of the Umusadege field) and SunTrust Oil Company Limited are pleased to provide the following updates on Umusadege field drilling and flow testing operations. UMU-12 Initial Well Flow Test Results The UMU-12 horizontal well was recently completed with a 1,200 foot horizontal section in the VIII sand. The well was flowed back for clean-up and testing on various choke sizes for 80 hours, yielding a final test averaging 5,366 bopd on a 44/64 inch choke at a surface flowing pressure of 230 psi over a six hour period. The API gravity of the oil is 26.4 degrees, with no sand, bottom sediment, or water production. UMU-13 Well The drilling rig has been moved to the UMU-13 well location and rig-up operations for the commencement of drilling of the UMU-13 well are nearing completion. UMU-13 is a vertical exploration well that is scheduled to be drilled to a target depth of 9,118 feet and is intended to appraise the east prospect on the Umusadege license. |