Value Microcaps Junior Energy

[stock_peeker]

MMT has been on top of a nice play in Nigeria for a long time; here's an excerpt from an old August 2007 news about Mart's plans to reenter the UMU-N2 well, which had been found to have deep oil and gas near 11,000 feet.

http://www.rigzone.com/news/article.asp?a_id=49567

In the same field, Mart and its partners are preparing to re-enter and test the UMU-N2 well. This well was drilled and cased by ELF in 1980. According to Elf's well report, this well encountered three oil pay zones between 7,149 feet and 7,611 feet, with a total of 59 feet of net oil pay. In addition the well encountered a deep gas zone at 10,580 feet and a deep oil zone at 10,685 feet. The deep oil zone has 20 feet of net oil pay with no evidence of an oil-water contact and was tested by Elf at a rate of 1,673 barrels of oil per day with no water or sand production.