Mart Resources Inc. (Mart) is an independent international oil and gas company. Mart�s principal business activities consist of the acquisition, exploration, development and production of oil and gas in the Federal Republic of Nigeria. Mart is developing and producing oil from the Umusadege field along with its Nigerian co-venturers, Midwestern and SunTrust. All of Mart�s oil and gas properties and wells are located onshore Nigeria. Mart�s principal asset is its participating interest in the Umusadege field located on-shore in Nigeria. The Umusadege field is an existing multiple-horizon onshore hydrocarbon reservoir situated within the Umusadege farmout area. The Umusadege farmout area is situated in the North Central area of the Niger Delta basin and formed part of the original of Oil Prospecting License No. OML 283 and covers an area of approximately 3,771 gross acres.