09:44 AM EST - Mart Resources, Inc : provided the following updates on Umusadege field drilling and flow testing operations. 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. Mart Resources, Inc.
shares T.MMT are trading unchanged at $1.12.
