CALGARY, ALBERTA--(CCNMatthews - Feb. 28, 2007) - Further to its Press Release of 7 February 2007 regarding the Umu-4 well in Nigeria, Mart Resources, Inc. ("Mart") (TSX VENTURE:MMT) and its partners Midwestern Oil and Gas Company PLC, Operator of the Umusadege Field, and Suntrust Oil Company Nigeria Limited, advise that the well has been drilled to a Total Depth of 8,818 feet and the well logging program has been commenced.
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. Three wells were drilled and cased in the field between 1974 and 1980. The N2 well was production tested at a combined rate of 2,654 barrels of oil per day.
The Umu-4 well is being 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mart Resources, Inc.
David Parker
London
+44 207 808 8820
Email: David.Parker@martresources.com
Mart Resources, Inc.
David Halpin
Calgary
(403) 270-1841
Email: David.Halpin@martresources.com
Website: www.martresources.com
