Mart Resources Inc [ (MAUXF) 0.4150 $MAUXF
Mart Announces Financial and Operating Results, Results of Independent Reserve Evaluations for the Year Ended December 31, 2014
Marketwired - Tue Mar 31, 8:04AM CDT
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company"
is pleased to announce its financial and operating results (all amounts in United States dollars unless noted), and results of independent reserve evaluations in accordance with Canadian National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101" for the year ended December 31, 2014:
MMT.TO: 0.53 (+0.01)
Mart Resources, Inc.: Purchase of Onshore Nigerian Oil Mining Lease 18 Completed
Marketwired - Fri Mar 20, 7:48AM CDT
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company" is pleased to announce that it is a member of a consortium (the "Consortium" that has acquired a 45% participating interest in Nigerian Oil Mining Lease 18 ("OML 18" and all associated assets, wells, pipelines and infrastructure from The Shell Petroleum Development Company of Nigeria Limited ("SPDC", Total E&P Nigeria Limited, and Nigerian AGIP Oil Company Limited (collectively, the "Sellers". The acquisition was completed pursuant to an Assignment Agreement between the Sellers and Eroton Exploration & Production Company Limited ("Eroton", a special purpose company owned directly or indirectly by the Consortium members. The remaining 55% participating interest of OML 18 is owned by the Nigerian National Petroleum Corporation. The total purchase price for the interest was US$1.1 billion, not including acquisition costs. All approvals required for the completion of the acquisition of OML 18 have been received from the relevant authorities of the Federal Government of Nigeria.
MMT.TO: 0.53 (+0.01)
Mart Enters Definitive Arrangement Agreement With Midwestern
Marketwired - Mon Mar 16, 7:03AM CDT
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company" announces that, further to its March 2, 2015 news release in respect of its letter of intent with Midwestern Oil and Gas Company Ltd. ("Midwestern", it has entered into a definitive arrangement agreement (the "Arrangement Agreement" with Midwestern, the operator of and one of Mart's co-venturers in the Umusadege field in Nigeria. Pursuant to the Arrangement Agreement, a wholly-owned subsidiary of Midwestern will acquire all of the issued and outstanding common shares of Mart by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement", including the assumption of all outstanding bank debt of Mart (currently, approximately US$200 million), and each Mart shareholder will receive CDN$0.80 in exchange for each Mart common share held (the "Cash Consideration".
MMT.TO: 0.53 (+0.01)
Mart Enters Non-Binding Letter of Intent for Sale of the Company
Marketwired - Mon Mar 02, 7:02AM CST
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company" announces that it has entered into a letter of intent (the "Letter of Intent" with Midwestern Oil and Gas Company Limited, the operator of and one of Mart's co-venturers in the Umusadege field ("Midwestern". The Letter of Intent sets out the intention of the Company and Midwestern (collectively, the "Parties", on a non-binding basis, to use good faith efforts to negotiate and enter into a definitive agreement (the "Definitive Agreement" pursuant to which Midwestern would agree to acquire all of the issued and outstanding shares of Mart for cash consideration of CAD$0.80 per common share (the "Proposed Offer Price" by way of a plan of arrangement (the "Proposed Transaction". The Proposed Offer Price represents a 40.3% premium to the closing price and a 28% premium to the 20 day VWAP price of Mart's common shares on the Toronto Stock Exchange on February 27, 2015, the last trading day for Mart's common shares prior to the date of this announcement.
MMT.TO: 0.53 (+0.01)
Mart Resources, Inc.: Operations and Production Update
Marketwire Canada - Mon Feb 02, 7:30AM CST
Mart Resources, Inc. (TSX:MMT) ("Mart" or the "Company" and its co-venturers, Midwestern Oil and Gas Company Limited ("Midwestern", Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for December 2014 and other operations.
MMT.TO: 0.53 (+0.01)
Mart Resources, Inc.: UMU-13 Initial Flow Test Results, Drilling Update, and Dividend Update
Marketwired - Fri Jan 09, 7:31AM CST
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company" and its co-venturers, Midwestern Oil and Gas Company Limited (Operator of the Umusadege field) and SunTrust Oil Company Limited are pleased to announce initial flow test rate results for the UMU-13 well at the Umusadege field in Nigeria.
MMT.TO: 0.53 (+0.01)
Correction From Source-Mart Resources, Inc.: Operations and Production Update
Marketwired - Fri Dec 19, 4:21AM CST
This document corrects and replaces the press release that was sent on Thursday, December 18, 2014.
MMT.TO: 0.53 (+0.01)
Mart Resources, Inc.: UMU-13 Well Drilling Update
Marketwired - Thu Dec 04, 7:31AM CST
Mart Resources, Inc. (TSX: MMT) ("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 pleased to provide the following update on the UMU-13 well at the Umusadege field in Nigeria.
MMT.TO: 0.53 (+0.01)
IIROC Trade Resumption - Mart Resources, Inc.
Newsfile Corp - Wed Dec 03, 9:56AM CST
Trading resumes in:
Mart Resources, Inc.: Oil Flow Commences Through Umugini Pipeline
Marketwired - Wed Dec 03, 9:50AM CST
Mart Resources, Inc. (TSX: MMT) ("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 pleased to provide the following update on Umugini pipeline operations.
MMT.TO: 0.53 (+0.01)
Mart Announces Financial and Operating Results, Results of Independent Reserve Evaluations for the Year Ended December 31, 2014
Marketwired - Tue Mar 31, 8:04AM CDT
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company"
is pleased to announce its financial and operating results (all amounts in United States dollars unless noted), and results of independent reserve evaluations in accordance with Canadian National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101" for the year ended December 31, 2014: MMT.TO: 0.53 (+0.01)
Mart Resources, Inc.: Purchase of Onshore Nigerian Oil Mining Lease 18 Completed
Marketwired - Fri Mar 20, 7:48AM CDT
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company"
is pleased to announce that it is a member of a consortium (the "Consortium" that has acquired a 45% participating interest in Nigerian Oil Mining Lease 18 ("OML 18" and all associated assets, wells, pipelines and infrastructure from The Shell Petroleum Development Company of Nigeria Limited ("SPDC", Total E&P Nigeria Limited, and Nigerian AGIP Oil Company Limited (collectively, the "Sellers". The acquisition was completed pursuant to an Assignment Agreement between the Sellers and Eroton Exploration & Production Company Limited ("Eroton", a special purpose company owned directly or indirectly by the Consortium members. The remaining 55% participating interest of OML 18 is owned by the Nigerian National Petroleum Corporation. The total purchase price for the interest was US$1.1 billion, not including acquisition costs. All approvals required for the completion of the acquisition of OML 18 have been received from the relevant authorities of the Federal Government of Nigeria. MMT.TO: 0.53 (+0.01)
Mart Enters Definitive Arrangement Agreement With Midwestern
Marketwired - Mon Mar 16, 7:03AM CDT
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company"
announces that, further to its March 2, 2015 news release in respect of its letter of intent with Midwestern Oil and Gas Company Ltd. ("Midwestern", it has entered into a definitive arrangement agreement (the "Arrangement Agreement" with Midwestern, the operator of and one of Mart's co-venturers in the Umusadege field in Nigeria. Pursuant to the Arrangement Agreement, a wholly-owned subsidiary of Midwestern will acquire all of the issued and outstanding common shares of Mart by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement", including the assumption of all outstanding bank debt of Mart (currently, approximately US$200 million), and each Mart shareholder will receive CDN$0.80 in exchange for each Mart common share held (the "Cash Consideration". MMT.TO: 0.53 (+0.01)
Mart Enters Non-Binding Letter of Intent for Sale of the Company
Marketwired - Mon Mar 02, 7:02AM CST
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company"
announces that it has entered into a letter of intent (the "Letter of Intent" with Midwestern Oil and Gas Company Limited, the operator of and one of Mart's co-venturers in the Umusadege field ("Midwestern". The Letter of Intent sets out the intention of the Company and Midwestern (collectively, the "Parties", on a non-binding basis, to use good faith efforts to negotiate and enter into a definitive agreement (the "Definitive Agreement" pursuant to which Midwestern would agree to acquire all of the issued and outstanding shares of Mart for cash consideration of CAD$0.80 per common share (the "Proposed Offer Price" by way of a plan of arrangement (the "Proposed Transaction". The Proposed Offer Price represents a 40.3% premium to the closing price and a 28% premium to the 20 day VWAP price of Mart's common shares on the Toronto Stock Exchange on February 27, 2015, the last trading day for Mart's common shares prior to the date of this announcement. MMT.TO: 0.53 (+0.01)
Mart Resources, Inc.: Operations and Production Update
Marketwire Canada - Mon Feb 02, 7:30AM CST
Mart Resources, Inc. (TSX:MMT) ("Mart" or the "Company"
and its co-venturers, Midwestern Oil and Gas Company Limited ("Midwestern", Operator of the Umusadege field) and SunTrust Oil Company Limited are providing the following updates on Umusadege field production for December 2014 and other operations. MMT.TO: 0.53 (+0.01)
Mart Resources, Inc.: UMU-13 Initial Flow Test Results, Drilling Update, and Dividend Update
Marketwired - Fri Jan 09, 7:31AM CST
Mart Resources, Inc. (TSX: MMT) ("Mart" or the "Company"
and its co-venturers, Midwestern Oil and Gas Company Limited (Operator of the Umusadege field) and SunTrust Oil Company Limited are pleased to announce initial flow test rate results for the UMU-13 well at the Umusadege field in Nigeria. MMT.TO: 0.53 (+0.01)
Correction From Source-Mart Resources, Inc.: Operations and Production Update
Marketwired - Fri Dec 19, 4:21AM CST
This document corrects and replaces the press release that was sent on Thursday, December 18, 2014.
MMT.TO: 0.53 (+0.01)
Mart Resources, Inc.: UMU-13 Well Drilling Update
Marketwired - Thu Dec 04, 7:31AM CST
Mart Resources, Inc. (TSX: MMT) ("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 pleased to provide the following update on the UMU-13 well at the Umusadege field in Nigeria. MMT.TO: 0.53 (+0.01)
IIROC Trade Resumption - Mart Resources, Inc.
Newsfile Corp - Wed Dec 03, 9:56AM CST
Trading resumes in:
Mart Resources, Inc.: Oil Flow Commences Through Umugini Pipeline
Marketwired - Wed Dec 03, 9:50AM CST
Mart Resources, Inc. (TSX: MMT) ("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 pleased to provide the following update on Umugini pipeline operations. MMT.TO: 0.53 (+0.01)
