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Mart Provides Production Update on Umu-5 Well

Source: www.gulfoilandgas.com 5/5/2009, Location: Africa

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Mart Resources, Inc. and its partners, Midwestern Oil & Gas Company PLC (Operator) and Suntrust Oil Company Nigeria Limited are pleased to provide the following update regarding production testing of the UMU-5 well at the Umusadege field, onshore Nigeria.

As previously announced the UMU-5 well commenced initial production on April 14, 2009 from the IX sand and has been flowed through progressively increasing choke sizes as part of the extended test program approved by the Nigerian government. The well has produced over 50,000 barrels of clean, 45.6 API gravity oil at various stabilized production rates with a final stable test rate of 3,275 barrels of oil per day on a 32/64 choke at a stable flowing pressure of 612 PSI, 0% water and sand production and a gas/oil ratio of 120 standard feet of sweet gas per barrel. As part of the overall reservoir analysis, Mart and its partners are currently flowing the well at a stable rate of 2,475 barrels of oil per day on a 28/64 inch choke.

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