Mart's NRG 101 Service Rig Damaged on Third Party Well
CALGARY, ALBERTA, Apr 27, 2011 (Marketwire via COMTEX News Network) --
Mart Resources, Inc. (TSX VENTURE:MMT) ("Mart" or the "Company") advises that its NRG 101 service rig suffered significant damage by a fire while performing work-over operations in Nigeria on an unrelated third party well. The rig is owned by a Mart subsidiary. Mart has been advised that there were no fatalities associated with the incident, however some workers suffered first and second degree burns. Mart is doing its utmost to ensure the injured workers receive the appropriate medical attention. The Company is currently assessing the incident and the damage to the NRG 101 service rig and associated equipment and installations. The insurer has been notified of the incident.
The incident on the NRG 101 service rig does not in any way impact ongoing testing of the UMU-7 well or operations on the Umusadege field. Testing operations on the UMU-7 well are being conducted by Mart's NRG 201 rig. Additional testing results from the UMU-7 well are expected to be announced shortly.
ABOUT MART RESOURCES:
Mart Resources Inc. is an independent, international petroleum company focused on drilling, developing and producing oil and gas from low-risk proven petroleum properties in Nigeria, West Africa. The Company is currently producing and developing the Umusadege field along with Midwestern Oil and Gas Co. Plc (the Operator of the field) and SunTrust Oil Ltd. Mart also owns two land drilling rigs, has strong local relationships and experience and is evaluating additional proven undeveloped opportunities in Nigeria.
Additional information regarding Mart Resources, Inc. is available on the company's website at www.martresources.com.
