Mart Resources Inc. (Mart) is an international oil and gas exploration and development company, with oil field development partnerships and projects in Nigeria. The Company's operations include participation in the producing Umusadege oil field. The Umusadege oil field is an onshore oil and gas field located in Delta State, Nigeria. The Umusadege farm out area (3,771 gross acres) containing the Umusadege oil field located within Oil Prospecting License (OPL) 283. The Umusadege field is a multiple-horizon hydrocarbon reservoir situated in the North Central area of the Niger Delta basin. The field contains 13 known reservoirs. During the year ended December 31, 2011, Mart's share of Umusadege field oil produced and sold was 1,803,459 million barrels of oil.
|Headquarters||310, 1167 Kensington Crescent NW|
CALGARY, AB, Canada T2N 1X7
|Chairman of the Board, Chief Executive Officer||Wade Cherwayko|
|Chief Financial Officer||Dmitri Tsvetkov|
|Vice President - Finance, Mart Energy Services Ltd||Rheman Dawood|
|Country Manager, Nigeria||Jagjit Arora|
|Managing Director of NRG Drilling, Nigeria||Charles Nwankwo|
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|Shares Out.||356.6M||Book Value||$0.37|
|Annual Dividend Rate||$0.20||Price/Sales (TTM)||2.9|
|Ex-Div Date||3/20/13||P/Cash Flow (TTM)||4.3x|
|Pay Date||4/9/13||Operating Margin||54.48%|
*GAAP = prior to non-GAAP analyst adjusted earnings.