11:44 AM EST - Mart Resources, Inc. : and its co-venturers, Midwestern Oil and Gas Company Plc. and SunTrust Oil Company Limited, provide the following update on the UMU-13 well at the Umusadege field in Nigeria.The UMU-13 well has reached a final total drilling depth of 9,300 feet. UMU-13 is a vertical appraisal well with exploration prospects drilled on a seismically defined structure located east of the existing and producing Umusadege field. Preliminary evaluations based on well logging, pressures, and drilling data indicate that the UMU-13 well encountered approximately 220 feet of gross pay in 11 sands. Mart Resources, Inc.
shares T.MMT are trading unchanged at $0.91.
