Mart Resources, Inc. (TSX VENTURE:MMT) - 



--  Umusadege field production averaged 10,600 barrels of oil per day
    ("bopd") during May 2013 based on calendar days; average field
    production based on production days was 12,500 bopd during May 2013.

--  Umusadege field net deliveries into the export pipeline were
    approximately 327,700 barrels of oil ("bbls") in May 2013 before
    pipeline losses.



Mart Resources, Inc. ("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 providing the following update on Umusadege field
production for May 2013.


May 2013 Production Update

Umusadege field production during May 2013 averaged 10,600 bopd. Umusadege field
downtime during May 2013 was less than 5 days due mainly to maintenance and
repairs on the export pipeline performed by the pipeline operator. The average
field production based on producing days was 12,500 bopd in May 2013.


Total crude oil deliveries into the export pipeline from the Umusadege field for
May 2013 were approximately 327,700 bbls before pipeline losses. Pipeline and
export facility losses for April 2013 were 21,523 bbls, or 14.3% of total crude
oil deliveries into the export pipeline. May 2013 pipeline and export facility
losses have not yet been reported by the pipeline operator.


Additional information regarding Mart is available on the Company's website at
www.martresources.com and under the Company's profile on SEDAR at www.sedar.com.


Except where expressly stated otherwise, all production figures set out in this
press release, including bopd, reflect gross Umusadege field production rather
than production attributable to Mart. Mart's share of total gross production
before taxes and royalties from the Umusadege field fluctuates between 82.5%
(before capital cost recovery) and 50% (after capital cost recovery).


Forward-Looking Statements and Risks

Certain statements contained in this press release constitute "forward-looking
statements" as such term is used in applicable Canadian and US securities laws.
Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or future
events or are not statements of historical fact and should be viewed as
"forward-looking statements". These statements relate to analyses and other
information that are based upon forecasts of future results, estimates of
amounts not yet determinable and assumptions of management. Such forward-looking
statements involve known and unknown 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.


In particular, there is no assurance that there will not be future disruptions
of the AGIP pipeline or that future repairs will not be required. Any future
disruptions will materially and adversely affect the ability of the Company to
transport, deliver and sell its crude oil production from the Umusadege field.
Statements (express or implied) concerning the allocation of export and pipeline
capacity to the Umusadege field from their third party pipeline owners, should
also be viewed as forward-looking statements.


There can be no assurance that such forward-looking statements will prove to be
accurate as actual results and future events could vary or differ materially
from those anticipated in such statements. Accordingly, readers should no place
undue reliance on forward-looking statements contained in this news release. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement.


Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date the statements are made and the Company undertakes no
obligation to update forward-looking statements and if these beliefs, estimates
and opinions or other circumstances should change, except as required by
applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mart Resources, Inc. - London, England
Wade Cherwayko
+44-207-351-7937
wade@martresources.com


Mart Resources, Inc. - London, England
Dmitri Tsvetkov
+44-207-351-7937
dmitri.tsvetkov@martresources.com


Mart Resources, Inc. - Canada
Sam Grier
403-270-1841 or Toll Free: 1-888-875-7485
www.martresources.com

Mart Resources (TSXV:MMT)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024 Plus de graphiques de la Bourse Mart Resources
Mart Resources (TSXV:MMT)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024 Plus de graphiques de la Bourse Mart Resources